Geoffrey Dennis, Citi Global Emerging Markets Equity Strategist, was just on CNBC talking about the stark differences between Chile and Greece in their preparations for their respective crises.
- At 1:00 – Chile is unique in that it has prepared for a rainy day, and has money on hand from copper sales to protect itself from its earthquake crisis.
- At 2:55 – Greece is in the middle of a crisis its not economically prepared for with many neighbours in the same boat. It could lead to contagion, as many other Mediterranean states are in a similar predicament.
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