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Wednesday, April 4, 2012

''Wolfson gurus see euro break-up as dangerous but liberating''

From The Telegraph

"The consequences of a completely unplanned 'Exit' are likely to be catastrophic," said Neil Record from Record Currency Management, one of the five qualifiers.

Catherine Dobbs, a former algorithms expert at Gartmore, said the global shock could be five to 10 times worse than the Lehman earthquake in 2008, given the scale of contracts and counter-party exposure."

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