BU Now » Italy http://blogs.bu.edu/bunow News, information and research from Boston University Wed, 21 Sep 2011 18:14:24 +0000 en hourly 1 http://wordpress.org/?v=3.1.4 Greece’s debt crisis grows http://blogs.bu.edu/bunow/2010/05/05/greeces-debt-crisis-grows/ http://blogs.bu.edu/bunow/2010/05/05/greeces-debt-crisis-grows/#comments Wed, 05 May 2010 20:20:33 +0000 Dick Taffe http://blogs.bu.edu/bunow/?p=5428 Greek debt crisisAs nationwide workers’ strikes continued and deadly riots erupted in Athens over austerity measures invoked to deal with Greece’s ongoing debt crisis, fears grew that the situation may adversely impact the global banking system.  Mark Williams, author of “Uncontrolled Risk” about the fall of Lehman Brothers who teaches finance in the School of Management, says the risk will remain high until meaningful financial reform is enacted globally.

“If the stunning collapse of world markets after the Lehman Brothers bankruptcy in September 2008 was the wakeup call [about uncontrolled risk in the banking system], the unraveling of Greece and potentially other sovereigns (Spain, Portugal, Italy) is the latest alarm bell.”

Contact Mark Williams, 617-358-2789, williams@bu.edu

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