If the currency union is to avoid contagion it will need to accompany the loss of its most controversial member with measures that key member states have persistently opposed.
To be more specific, Harvard researchers in a poll found that more than 40percentt of Americans not only think that Ebola is a threat to their health, but believe it's a matter of not if, but when, it will strike, and how hard, and widespread the contagion will be.
Francesco Garzarelli of Goldman Sachs, an investment bank, says contagion will be greater if Greece's euro-zone peers eject it from the currency union by inducing the ECB to withhold emergency funding from its banks, as that would fundamentally alter investors' grasp of how the euro zone works.
The jury is still out on whether the star-studded viral outbreak movie Contagion will be a Hollywood blockbuster, but don't blame Patrick Hickey if it isn't.
One key indicator of contagion will be Portugal's cost of borrowing, which rose todayin an auction of 12-month treasury bonds.
Copies of Connectedness and Contagion will be available for sale and Professor Scott will be available for signing books at the end of the talk.
Many commercial banks across Europe have joined the chorus of scaremongers ("liquidity will dry up", "contagion will spread", "savings will be wiped out", etc) for much the same reason.
While it sounds like the beginning of Evil Dead or Contagion, you'll be relieved to know that the bacteria don't grow very well with a lot of oxygen, and seem content to slowly survive at 15 degrees below zero Celsius (5 degrees Fahrenheit).
Since Arabs and Muslims are, as we know, largely immune to democratic contagion, a long-term transitional phase will be necessary.
