• Phone
  • Contact us
  • Locations
  • Search
  • Menu


  • Add this article to your LinkedIn page
  • Add this article to your Twitter feed
  • Email this article
View or print a PDF of this page

"It is difficult to plan for [a Greek exit from the euro], but I think you need to do some planning – maybe a central scenario, and also an extreme one."



Access denied

Financial Times

31 May 2012

Brian Groom


PA’s Mark Thomas, a business strategy expert, is quoted in an article in the Financial Times. Mark gives his view on the emerging trend for companies to hold back on investment decisions until they have more confidence in the economic recovery.

Mark comments that, even if the eurozone crisis provokes a renewed economic downturn, companies should have an eye to opportunities as well as simply cutting costs. Mark draws on PA’s Managing Uncertainty survey which suggests that, in the recession of 2008-09, companies that saw the crisis as an opportunity to acquire assets cheaply or win market share from weakened rivals achieved a 10 per cent higher total shareholder return than those that did not.

Mark believes companies are poorly prepared for the consequences of a Greek exit from the euro: “It is a difficult business to plan for, but I think you need to do some planning – maybe a central scenario where things are not so disorderly, and also an extreme one.”

You can read the article in full here.

For more information on PA’s Managing Uncertainty survey, click here or contact us now.

Corporate headquarters
123 Buckingham Palace Road
London SW1W 9SR London SW1W 9SR
United Kingdom
Tel: +44 20 7333 5865 Tel: +44 20 7333 5865
contact us now


Sign-up to receive company updates and press releases by email or newsfeed:



By using this website, you accept the use of cookies. For more information on how to manage cookies, please read our privacy policy.