Greek Elections Just a Pressure Point
There is a significant difference between a pressure point and the underlying problem. We are seeing very clear evidence of that this week in Europe.
This weekend we will get a Greek election. One candidate, who has a very realistic chance of winning, is using rhetoric that is probably inconsistent with Greece remaining part of the monetary union. We have a pressure point. It is possible that a victory by Alexis Tsipras and Syriza could be the tipping point that forces Greece back to the drachma. Or the parties may be unable to form a government, forcing a third election and creating additional uncertainty....734 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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