Bilifuduo (98.07)

Greece Will Not Willingly Exit the Eurozone

June 13, 2012 – Comments (2) | RELATED TICKERS: FXE , EUO , GREK

Sunday is the day of nationwide Greek parliamentary elections, and as the pivotal day nears, anxiety and tension are starting to build. At stake in the elections is, from the viewpoint of Greeks, the future of the Greek economy. On the other hand, many outside observers paint the election as a pivotal crossroads for the Greek populace to determine their country's future relationship with the Eurozone. Observers point to the possibility of Greece leaving the Eurozone and abandoning the euro in favor of the drachma. Yet, there is no chance of Greece willingly exiting the Eurozone. The main danger stemming from the upcoming election is its potential to set the stage for conflict between the policy of the winning party and the demands of the troika, which is comprised of the European Commission, the International Monetary Fund, and the European Central Bank.

Full article: here.