Tuesday, January 6, 2015

"Grexit" rears its ugly head as Greek elections approach

Concerns about the upcoming Greek election has raised concerns about the possibility of Greece exiting the Euro, in the midst of concerns about deflation in the Eurozone. German Chancellor Angela Merkel raised eyebrows when she said she was open to the possibility of Greece exiting the Eurozone:

Grexit Grumblings: Germany Open to Possible Greek Euro Zone Exit

Greek Roulette: What Would Syriza's Victory Mean for Europe?

Alexis Tsipras is the head of Greece's opposition Syriza party, which stands a good chance of winning snap elections on Jan. 25. "On Tuesdays the euro, on Fridays the drachma," his opponents have said sneeringly of his contradictory statements.

The Euro Crisis Is Entering A New, Highly Dangerous Phase

Screenshot 2015 01 04 08.10.49

Eurozone economy slows further

Mario Draghi and Angela Merkel Mario Draghi has said the ECB has "stepped up" its plans to act to prop up inflation in the eurozone