Are we experiencing the beginning of the end for the euro? For roughly three years, it seems as though politicians have been kicking the can down the road, putting off the apocalypse right at the last minute. And investors in the currency have had their patience stretched to the limit, vacillating between no hope and naivety that the Greek problem had gone away.
After Greece came Spain, Portugal, Italy and Ireland, but while the rest have been able to curb the risk and get a grip on things, the Greek problem has kept coming back. Now it seems that we've reached the end, the moment of truth, what investors have been dreading for the last three years – that Greece will eventually default and leave the Eurozone, and that it will spell the end of the euro. But now that the end has come, it seems as though investors have not only learned to live with the idea of a Grexit but to actually want it. The saying goes that you have to hope for the best and prepare for the worst, and more and more voices are indicating that some institutional investors are now hoping for the worst, for Greece to leave the euro. But why? Continue reading "Grexit: Hope For The Worst?"
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