Here's a quick read on why Greece won't be leaving the Euro any time soon:
- Intertwined relationship between the European countries has obviously created huge economic problems for the peripheral countries in particular
- And it has largely benefited Germany
- Being the dominant banking system in the region Germany also had the most to lose if the Euro collapsed
- In addition to widespread defaults, defections would result in collapsing competitiveness for the Germany currency relative to everyone who leaves
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in