In February, I penned a piece on how and why Greece will exit the eurozone since there seemed to be so much chatter about the coming Grexit. However, as I have said in the past, a Grexit will not happen any time soon. I strongly believe that for the time being all eurozone policy makers are committed to the single currency with Greece in it. Therefore, I have always found it hard to believe therefore that a Grexit is imminent - during an existential crisis without an exit mechanism in place no less. And the latest Greek bailout deal cements this belief.
Here's how I put it in May:
I gotta tell you you. I am getting pretty sick of talking about Greece and the euro zone. But the reality is that this is the defining issue of the global economy right now. So I am forced to spend a lot of t...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.