Eurozone Withdrawal: Implications For Global Markets

Law360, New York (March 1, 2012, 5:25 PM EST) -- The cloud of uncertainty hanging over the European Union and the future of the European single currency was recently exacerbated on a day which historians may yet consider one of the unluckiest Fridays on record. Alongside the grounding of the Costa Concordia cruise ship, on Jan. 13, 2012, the EU's economic stability was further challenged by Standard & Poor's decision to downgrade the long-term credit rating of nine of its members.

The growing concern regarding the mounting debt levels within the Eurozone has led to much...
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