“Will Falling Euro End Up Boosting Euro Economy”
PBS NewsHour, January 5, 2015
“I think that the likelihood that Greece will drop out of the euro is very, very small. And I think, actually, if you look at the recent rumors that you also mentioned in the beginning of this segment, it’s essentially, I would call it from the department of dirty political tricks, because you have an election in Greece that’s basically between a narrative of fear and a narrative of anger. If the Greek voters are angry, they’re going to vote for the opposition, but, if they’re fearful about the future, they’re going to vote for the current government. So what you have these anonymous German officials doing is by saying, well, maybe Greece can drop out of the euro or maybe it can’t, but we don’t really know, is creating more mayhem and more fear ahead of the election. But I don’t think the likelihood that Greece is going to drop out has gone up, because the reality remains that the vast majority of Greeks wants to stay in the euro, because I think they correctly perceive that if they drop out, the situation will be even worse.”
Quickie Analysis: An interesting interview about the future of Europe’s economy and how it ties in to the upcoming Greek election.