• 855 days Will The ECB Continue To Hike Rates?
  • 855 days Forbes: Aramco Remains Largest Company In The Middle East
  • 857 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,257 days Could Crypto Overtake Traditional Investment?
  • 1,262 days Americans Still Quitting Jobs At Record Pace
  • 1,264 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,267 days Is The Dollar Too Strong?
  • 1,267 days Big Tech Disappoints Investors on Earnings Calls
  • 1,268 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,270 days China Is Quietly Trying To Distance Itself From Russia
  • 1,270 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,274 days Crypto Investors Won Big In 2021
  • 1,274 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,275 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,277 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,278 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,281 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,282 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,282 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,284 days Are NFTs About To Take Over Gaming?
Ian Campbell

Ian Campbell

Through his www.BusinessTransitionSimplified.com website and his Business Transition & Valuation Review newsletter Ian R. Campbell shares his perspectives on business transition, business valuation and world…

Contact Author

  1. Home
  2. Markets
  3. Other

Watch for Possible Important Developments in Greece This Week

You might want to read an article published Friday that reported:

  • Greece's Prime Minister has warned that his country is plunging into a 'Weimar Republic like' economic and social crisis; and,

  • German Chancellor Angela Merkel is travelling to Greece today to 'see for herself', in what will be her first trip to Athens since the crisis started.

Three comments:

  • that this is Ms. Merkel's first trip to Athens since the crisis started is hard to believe;

  • all good things have to end sometime, and 'sometime' seems to be rapidly approaching in the case of Greece; and,

  • can 'sometime' be far off for Spain, as Spain still as of Friday is not at the negotiating table?

Also see Greek austerity talks to continue, progress seen. Note that any compromise made now on the original terms of the Greek bailout (made many months ago) may:

  • have a direct 'precedent setting' impact on subsequent negotiations with Spain; and,

  • perhaps re-open completed negotiations with Ireland.

Could it be that Greek negotiations are the (or an important) reason Spain continues to postpone bailout requests?

You might also want to read Mrs. Merkel goes to Athens. Why? This Greek newspaper article published yesterday strikes me as being a particularly well balanced one that discusses some of the underlying political issues and perceived risks related to Ms. Merkel's visit today.

Topical References: Greek crisis is 'like the Weimar Republic', from The Telegraph, Louise Armitstead, October 5, 2012 - reading time 3 minutes. Also:

 

Back to homepage

Leave a comment

Leave a comment