Monday, 20 August 2012 17:38

A Greek Fund Manager Explains Why Greece Will Soon Be The Source Of 'Dramatic Headlines'

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"Regarding the situation in Greece, the feeling among the business community is that when the summer holidays end things will get worse. The Greek public cannot endure much more austerity and the German public cannot endure any more bailouts.

There is a fear that the Germans, now, want Greece out of the Euro. While it is possible for the coalition Government to agree on a set of measures, those measures may not be accepted by Europe. If the German mood truly sours on Greece then there is little any government can do. That would lead to an exit from the Euro, the stress of which would likely lead the country to new elections quickly."

Business Insider article

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