Bloomberg reports that from economists from ING Diba in Frankfurt to Berenberg Bank in London reckon there are only three people worth listening to on Greece
Despite them not listing me I've grudgingly decided to write this post anyway
They say:
The trick ... is to focus on the people who exercise true power over the euro region's bond and currency markets right now:
- Greek Prime Minister Alexis Tsipras,
- German Chancellor Angela Merkel
- and European Central Bank President Mario Draghi
"You'll have to take your guidance from these three ... While Merkel is keeping a low profile with her comments, she plays a crucial role."
OK? There ya go.
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Interestingly ... the article opens with:
One minute Finance Minister Yanis Varoufakis is moving Greek bond yields by saying a deal is imminent.
The next, his claims are being shot down by Germany's Wolfgang Schaeuble.
The result has pushed securities this way and that while giving few clues as to how the crisis will eventually play out.
(I'd only note that this is not necessarily a bad thing, right? ;-)
