In an interview to CNBC-TV18, professor Charles Goodhart, the Global Expert on Public Finance Issues gave his views on the pros and cons of India getting included in one of the global emerging market government bond indices like the JPM emerging market government bond index.
Last week European leaders took the momentous decision to move towards a banking union. The leaders decided to separate the weak sovereign problem from the weak banks issue by deciding to recapitalise banks directly from ESM or the European Stability Mechanism.
This week the spotlight is solely on Greece. Banks and analysts are now openly counting the losses to the euro system in case of a Greek exit.