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Excerpt: In these circumstances few would dare to predict the future. But the ability to assess and anticipate potential market risks – from the impact of sovereign debt issues on an already weakened banking sector to the prospect of a country, or even countries, leaving the Eurozone – is crucial. Also crucial is the need to prepare for a variety of eventualities, whether through more stringent credit assessment, tighter documentation, careful counterparty choice or other tactics.
Read full article via The Eurozone Crisis and Its Impact on the International Financial Markets — The Harvard Law School Forum on Corporate Governance and Financial Regulation.
