"Be very worried about elections in Greece," writes UBS, saying there is a high risk of the IMF...


"Be very worried about elections in Greece," writes UBS, saying there is a high risk of the IMF and then the EU simply cutting off funds as whichever new government takes shape cannot implement required austerity measures. Not so fast, says UBS to those who think events in Greece no longer have the ability to roil markets. (h/t Steve Collins)
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Comments (6)
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    That is why the S&P upped their rating...to help the election of the status quo......
    2 May 2012, 09:23 AM Reply Like
  • kmi
    , contributor
    Comments (4526) | Send Message
     
    How they tricked anyone into upping their rating is beyond me.

     

    That said, say hello to the new guys, same as the old guys.
    2 May 2012, 11:19 AM Reply Like
  • Banner17
    , contributor
    Comments (60) | Send Message
     
    French election outcome much more threat to life of euro than events in Greece. Hollande victory will begin the dissolution of the euro..
    4 May 2012, 11:10 AM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (560) | Send Message
     
    I'd be interested to know why. Hollande talks a nice game for the campaign, but seems likely to fall in line once in office (the way every other newly elected gov't has over the past 2 years).

     

    Greece seems potentially more disruptive - not because of its size, but for its potential to upset the status quo.
    4 May 2012, 11:13 AM Reply Like
  • Duke67
    , contributor
    Comments (142) | Send Message
     
    French is a topic now, not Greece. The crucial event for Euro is German elections 2013.
    4 May 2012, 11:29 AM Reply Like
  • Banner17
    , contributor
    Comments (60) | Send Message
     
    What make's people think Hollande will "fall in line"? Past precedent of his actions or generalization based on historic euroland politics?

     

    Euroland of 2012, and World 2012 is a much different place than 5 years ago, 3 years ago even 6 months ago. Think about it. Economic, political, social and geopolitical instability have increased exponentially since 2008.

     

    Why else do you think the world's central banks are working overtime to conceal, distort, diffuse and confuse risk by printing money by $ trillions? Can people even conceive of how much $1 trillion is?

     

    Euroland and the world have changed and this change is accelerating. Historic economic, social, geopolitical and political precedent is becoming less applicable.

     

    In other words, the status quo is dead!
    4 May 2012, 12:15 PM Reply Like
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