Norwegian Economist Predicts Stock Market Decline in Norway

Negotiations between Greece and the EU, IMF and the European Central Bank were broken on Friday night and Greek Prime Minister Alexis Tsipras announced that his country would go to a referendum on the agreement.

Due to ambiguity in the country, Greek banks are closed and people have lined up to withdraw money.

Talking to Dagens Næringsliv, Kari Due-Andresen at Handelsbanken thinks the crisis in Greece will affect stock markets in Europe, Asia and America negatively.

She describes the situation as horrible fuzzy and believes the impact on Norwegian stock market can be as high as ten percent this week.

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