Bloomberg carries a piece today on a Der Spiegel report (citing unidentified government officials in Berlin) saying German Chancellor Angela Merkel’s administration sees a potential Greek exit from the euro area as manageable
- Merkel and Finance Minister Wolfgang Schaeuble both view the shared-currency area as capable of withstanding Greece’s departure
- Its thought a Greek exit would be almost unavoidable if a new government led by Syriza’s Alexis Tsipras were to renege on spending cuts and fail to service Greek debt
“Here is how I spell Greece: Y-O-U-R-S”
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Greece will hold elections on January 25
Polls have New Democracy and Pasok, Greece’s two main parties over the past four decades, trailing Tsipras’s anti-austerity Syriza alliance
Bloomberg article is here
Reuters also, here
