Western nations face third world risks

Political risks previously associated with developing markets are now a feature of western nations

LAST UPDATED AT 10:02 ON Mon 10 Dec 2012

Political risks previously associated with developing markets are now a feature of western nations, according to The Times.  The paper reports that consultancy Control Risk's annual Global RiskMaps Report has raised Greece's risk rating from "low" to "medium". Explosive devices have been used in Athens amid continuing street violence over EU mandated austerity measures, the report says. Richard Fenning, chief executive of Control Risks, said that the past two years had shown how today's interconnected world was vulnerable to sudden shocks such as the Arab Spring and the tsunami in Japan. · 

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