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Thursday, May 31, 2012

Is the Greek's exit of the Eurozone a good thing?

The Eurozone is tumbling and there is no visible solution in the near term for the many challenges it faces. In light of a probable exit by the Greeks, we ask ourselves if the market has not discounted this already, and the exit will mean a positive news to those remaining in the zone. On the other hand, many others think that the exit could only trigger discussions from the sort: “who will be next?”, thus keeping the bearish pressure on the Euro economy. This can be a very intense debate, but we ask ourselves again, is the alternative really saving Greece? In times of war and in Chess, would you protect the wounded pawn to the detriment of the queen?