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Analysis: Greek euro exit seen manageable, not catastrophic May 9, 2012

Posted by proeconomia in Fiscal policy, Main, Monetary policy, News on Greece, On the crisis, Opinion.

This is an analysis from Reuters. The main gist is that everyone is now prepared for only Greece to exit the eurozone and the rest to stay in…Here are some opinions from this piece:

“Greek debt is largely in the hands of the ECB as well as Greek domestic banks and speculative investors such as hedge funds which pose less of a risk to the entire euro zone. From that point of view, there is the possibility that Greece would be allowed to go its own way, whatever the Greek people choose that to be, and it could be managed by the rest of Europe,” Rabobank currency strategist Jane Foley said.””

“”Our view is that Greece will not trigger such exits. In response to any escalation in market concerns euro zone policymakers and the ECB will take steps to preserve the remainder of the euro zone and keep it in one piece,” Citibanks’s Marinov said.”




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