In the wake of Greece's debt crisis, the economic union of the European countries that share the euro as their common currency has been tested as never before. Some have suggested that the debacle marks the beginning of the end of the eurozone. But those fears are overblown, according to Ian Bremmer, president of Eurasia Group and author of The End of The Free Market.
"The eurozone is not going to fall apart," says Bremmer. "There's far too much downside for individual countries." Bremmer argues that however much citizens of the various European countries may dislike the euro, "the governments will find ways to get around and subvert the will of their individual constituencies."
Nevertheless, he does see challenges ahead: "There are many good reasons why investors should be very, very concerned that we're going to see serious defaults going forward."
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