Does eurozone QE now make Grexit more likely?

It is difficult to underemphasise the significance of ECB QE, for which there is now essentially an open-ended commitment. The logical conclusion of these policies is the ECB will, if necessary, monetise the debt of all eurozone sovereigns – as long as their governments are not beyond the pale. In turn, argues Barry Norris of Argonaut Capital Partners, it is increasingly likely that  Greece is ejected from the eurozone.

 

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