As the drama surrounding Greece's inability to repay its IMF loans reached a fever pitch in recent weeks, it seemed torn from the pages of "Global Risks 2015," an annual report by the World Economic Forum that is essentially an owner's manual to globally interconnected risks. An area of great concern in the report is the interplay between geopolitics and economics, and their cascading consequences. "The report has been a very good indicator of what has unfolded so far this year," says Dan Riordan, CEO, Zurich Global Corporate in North America. Greece's situation has created major fissures in the EU, with potential knock-on effects that could eventually stall the entire continent's economic recovery and perhaps lead to similar scenarios for other EU nations. If those risks materialize, the consequences will be felt around the world in ways nearly too numerous to count.
展开▼
