Does Eurozone QE now make “Grexit” more likely?

Unprecedented stimulus in the eurozone is having a positive effect on asset prices and underlying economic growth. Barry Norris of Argonaut Capital Partners suggests ECB will, if necessary, monetise the debt of all eurozone sovereigns, thereby undermining its unique vulnerability to a sovereign debt crisis. In turn, he argues, it is increasingly likely that Greece is ejected from the eurozone. 

 

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