The gloom and doom picture for Greece is all wrong!
If Greece defaults and gets cut from the euro
the euro would rally to 2.00 bucks
and the dollar would plunge to new lows
then the S&P would rally to 1500
you guys got it all backwards!
The euro would be stronger! not weaker with Greece gone...
This weekend, Der Spiegel reported that the German government was starting to prepare for a Greek insolvency and was devising various responses to handle a potential default, including allowing Greece to abandon the euro and return to the drachma. The government in Berlin would not comment, but such reports only add to the doubts bedeviling the euro monetary union.
If Greece defaults and gets cut from the euro
the euro would rally to 2.00 bucks
and the dollar would plunge to new lows
then the S&P would rally to 1500
you guys got it all backwards!
The euro would be stronger! not weaker with Greece gone...
This weekend, Der Spiegel reported that the German government was starting to prepare for a Greek insolvency and was devising various responses to handle a potential default, including allowing Greece to abandon the euro and return to the drachma. The government in Berlin would not comment, but such reports only add to the doubts bedeviling the euro monetary union.