Get ready for more ‘Grexit’ speculation
FRANKFURT (MarketWatch) — Markets are enjoying a summer lull, but German Chancellor Angela Merkel’s domestic political worries and a dire Greek economy may soon reignite speculation Greece will be forced to exit the shared currency sooner rather than later.
While economists debate whether a Greek exit — or “Grexit” — would ultimately be a good thing for both Greece and the euro zone’s remaining 16 members, uncertainty and the prospect for chaos are more likely to trigger another round of turmoil across global markets in the short run, strategists said.
Next week could be crucial. Greek Prime Minister Antonis Samaras is set to meet Merkel in Berlin on Friday and will visit French President François Hollande on Saturday.
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