The American tariffs, Italy’s hostility towards Brussels, and Greece’s fragile economy post-bailout are a danger to the global economy, says ”Capital Economics”.
”Greece is not under a bailout program but is still in the danger zone”, say the analysts of Capital Economics. Analysts point out that despite the progress that has been made, the problems are still here, waiting for solutions.
Shares at Greek banks have dropped by more than 10% since July, while the Eurozone average is around 6%.
Another area of concern according to the report, is the excessively optimistic outlook for the Greek budget for the years ahead, something that is way too risky, considering the political turmoil that is underway, just months before the multiple elections of 2019.