Monday, June 29, 2015

Global Economic Outlook: Eurozone At The Edge

The Grexit drama plot developed a twist when the Greek government turned on its antagonists and declared "This. Is. Sparta!" over the weekend. The EU now stands to witness the first actual fracture at its periphery, and it no longer holds the whip. Strategic alliances with other non-EU countries in the region become a reality, and the dwindling liquidity the ECB has been so desperate to protect, for the first time, makes a vortex near the open plug hole. China cuts interest rates in response to a stock market crash and the US Dollar strengthens as the Euro briefly sells […]

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