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
305-600-0895
chieftrader@forexinsighters.com

 ACCESS LINK to FX Insight ONLINE TRADERS CONFERENCE

No comments:

Post a Comment