Wednesday, August 15, 2012
Will Greece Exit the Euro Zone Next Month?
Another day, another prediction of a Greek exit from the euro zone. But unlike the vast majority who give a medium term timeline for a "Grexit", one strategist told CNBC it could come as early as next month. “It’s a question of when, not if. Next month there is the ratification of the ESM [European Stability Mechanism] in Germany and you may well see a situation where Greece leaves the euro, the ESM is ratified and Spain and Italy then go in and ask for the money. There is a feeling that time is running out,” Paul Day, Chief Strategist, at Market Securities told CNBC’s "Squawk Box Europe". FULL STORY (click)
FOREX INSIGHT GROUP
ACCESS LINK to FX Insight ONLINE TRADERS CONFERENCE