BusinessWeek – U.S. investor Guy Wyser-Pratte said the euro could drop to parity with the dollar and the Greek debt crisis will probably spread to Spain.
“The key in Europe is not Greece or Portugal but Spain,” Wyser-Pratte, an activist investor in Europe for more than a decade, said yesterday at the Bloomberg Markets Hedge Fund Summit in New York. “They’re taking too long” to reorganize their banks, he said.
