Friday, April 10, 2015


The Greeks may think HE is a weapon of mass financial destruction (for their Eurozone future);
The most dangerous comment regarding the future of Greece’s economy was uttered by legendary American investor Warren Buffett 10 days ago. “If it turns out the Greeks leave, that may not be a bad thing for the euro,” he said. “If everybody learns that the rules mean something and if they come to general agreement about fiscal policy among members or something of the sort, they mean business, that could be a good thing,” he added, speaking to television network CNBC.
Sink, or swim?
Prime Minister Alexis Tsipras declared in Moscow on Wednesday that the Greeks are “co-owners” of the ship called Europe, and equal to the other passengers, implying that there is no danger of Greece finding itself overboard.
But some say, don't let the porthole hit you on your way out;
Yesterday, Jamie Dimon, CEO of JPMorgan Chase, America’s largest bank by assets, was quoted as writing to shareholders that the bank needs to prepare for the possibility of Greece leaving the euro. After a period of “initial turmoil” this might even benefit the euro, he noted, because it would “prompt greater structural reform efforts by countries that remain.”

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