Saturday, May 26, 2012

"The Euro Is Dead; Long Live The Euro"

By Clive Hale from View from the Bridge
"The Euro Is Dead; Long Live The Euro"
Despite all the stories of apocalypse now there is a fighting chance that Greece will stay in the eurozone for the time being. This is the real tragedy of course, but unfortunately for all involved there just isn’t the political appetite for “Grexit”. The Germans have done their sums and if Greece leaves they are in deep, way above the top of their lederhosen. The Greeks of course want to stay on the euro

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