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Grexit and the break-up of the single currency is inevitable, but not in the near term
• European politicians are not in favour of its exit, but Greece will inevitably leave the euro
• Merkel is balancing Germany’s self-interest with the Bundesbank’s demands and her own election priorities
• Germany is likely to support the survival of the single currency in the short ter More
Stuart Thomson
Chief Economist, Co-Fund Manager
May 29, 2012 at 9:49am
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As Cunning (and as Useful) as a Fox With Two Tails – But Not a Solution
John Maynard Keynes noted that politicians are slaves to defunct economic theories. Europe’s sovereign debt crisis suggests that this should be paraphrased to European politicians are slaves to defunct economies. More
Stuart Thomson
Chief Economist, Co-Fund Manager
Jul 25, 2011 at 3:01pm
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