James Gorman

If these markets were to continue as is, our goals would be extre... by James Gorman

If these markets were to continue as is, our goals would be extremely difficult to achieve.

I don't think that Greece will leave the euro zone. There will be a compromise, the risk is too high, the European Union has brought enormous benefits to its members over the past 50 years. Compared to this, the costs of a restructuring of Greek debt is small. To me this path makes much more sense that letting Greece fall.

The political consequences, however, are unpredictable. There is no experience. I would be careful, I wouldn't let it happen.

It is there in subtle ways and probably in unsubtle ways, for exa... by James Gorman

It is there in subtle ways and probably in unsubtle ways, for example, on trading floors I’m sure.

I believe a euro zone break-up is highly unlikely, for reasons that go beyond the economy... but if a country leaves the euro, this will not mean the end of the monetary union.

most-read-articles