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CITY VIEWS: DO YOU THINK THE RISK OF DEBT CONTAGION IS A REALITY?

SIAN THOMAS | AVIVA
“The contagion is likely to spread because most of Europe is dominated by one currency. Naturally this can be offset by addressing the problem with the necessary measures, but you hope the situation isn’t severe enough that it will affect other countries.”

BILL COX | CAPAX GLOBAL
“The situation in Greece and Spain is not likely to spread.

All of the countries in the EU have paid attention to cutting deficits and cutting costs while not continuing with excessive spending.”

ALAN CLARKE | BOWOOD INSURANCE BROKERS
“The spread of contagion across Greece and now Spain just proves that the UK was right to keep with the Bank of England. I wouldn’t want the country to be in a position where it has to bail out failed economies ­– we have enough debt of our own.”