Emerging Markets’ Europe Problem

Until recently, Europe was a sort of mirror that confirmed for the major emerging economies the spectacular nature of their own success. But, today, emerging countries are growing very concerned with what they rightly perceive as serious risks to their own economies implied by excessive weakness in Europe.

PARIS – From Hong Kong to São Paulo, and all points between, one word dominates all others among big investors: Greece. Will the Greeks remain in the eurozone? What will happen to the European Union and the global economy if they do not?

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