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By Thierry López (picture), Partner, Governance, Risk Controls (GRC) Services, PwC Luxembourg Johannes Göldner, Senior Consultant, GRC Services, PwC Luxembourg
When Greece was forced to admit to having falsified its financial accounts statistics in October 2009, few could have imagined the turmoil that would ensue over the course of the past two years. Initially confined to Greece, the contagious effects of fear and uncertainty have taken firm hold of financial markets, shifting the focus from the smaller peripheral states to eurozone heavyweights such as Spain and Italy. In recent months, the voices calling for a Greek exit from the eurozone have become more pronounced, with a number of market participants even calling the continuity of the eurozone itself...
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