With the constant uncertainty in Europe, we are definitely in a dangerous situation right now, said Adrian Foster, head of financial markets of Rabobank. However, he believes that Europe, as an entity, has the ability to contain the political as well as economic issue.
According to Foster, Greece will most likely end up defaulting. Moreover, talking about Ireland, he feels that it is in a much sounder position than what it was six-eight months ago. Below is the edited transcript of his interview to CNBC-TV18. Also watch the accompanying video. Q: How have you gauged the European situation? Is a catastrophe avoided given the kind of political noises?
A: European politicians have a lot of influence over the situation. Europe
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