Market Talk - euro is vulnerable
While Greece was tottering on the precipice last week, the markets remained surprisingly tranquil – but the euro is looking vulnerable
The extraordinary events of the last few weeks in Greece have, surprisingly enough, left financial markets relatively unscathed. With the exception of a few wobbles, overall there has been nowhere near the amount of panic and turmoil forecast by some commentators since the crisis broke out more than five years ago. That’s even more bizarre, given how close to exiting the euro Greece came.
The Greek government gambled, badly, that the referendum on the...
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