Credit Suisse, in its "Global Equity Strategy" note sent to clients, has identified four key events that could spark another crisis in Europe. First, the Italian constitutional referendum in the autumn; second, the French Presidential election in April/May 2017; third, the EU's refugee deal with Turkey; and fourth, the Italian banking crisis. The first two are likely to be followed by a Greek exit from the euro, which would trigger an immediate run on banks across Europe as depositors seek out safe havens.
Credit Suisse, in its "Global Equity Strategy" note sent to clients, has identified four key events that could spark another crisis in Europe. First, the Italian constitutional referendum in the autumn; second, the French Presidential election in April/May 2017; third, the EU's refugee deal with Turkey; and fourth, the Italian banking crisis. It noted that "most US clients believe there will be another flare-up of the European political/economic crisis."