Grexit looms large: some quick thoughts on state of affairs

Ever the optimist, I ended yesterday’s post writing that a deal remains the base case outcome. But unfortunately, this does not mean a deal gets done. And so we should look again at what could happen if no deal gets done. My sense is that we are just looking at a range of possible effects of a default rather than at what is likely to occur.

Ever the optimist, I ended yesterday’s post writing that a deal remains the base case outcome. But unfortunately, this does not mean a deal gets done. And so we should look again at what could happen if no deal gets done. My sense is that we are just looking at a range of possible effects of a default rather than at what is likely to occur.
You've hit the monthly limit!! To date, I have supported the site out of my own pocket and through advertising. But to keep the site going, I need your financial support. Please click here to read how you can help. Your support will be greatly appreciated.

Get real time updates directly on you device, subscribe now.

Do NOT follow this link or you will be banned from the site!