The Wall Street Journal wrote:
BRUSSELS—Euro-zone officials have stepped up planning to contain the fallout of a possible Greek exit from the euro zone, even as European leaders meeting here Wednesday said they want the country to remain in the single currency area.
[...]
Policymakers increasingly fear that moment could come following next month's Greek elections. Polls show Syriza—the leftist party that wants to renegotiate Greece's much-despised bailout deal—running neck and neck with New Democracy, the conservative party that helped push the bailout's austerity measures through the Greek Parliament.
[...]
Policymakers increasingly fear that moment could come following next month's Greek elections. Polls show Syriza—the leftist party that wants to renegotiate Greece's much-despised bailout deal—running neck and neck with New Democracy, the conservative party that helped push the bailout's austerity measures through the Greek Parliament.
On the bright side, now is a great time to visit other, more stable European countries; the euro is down to USD 1.26!
Not to toot my own horn (okay, totally to toot my own horn), but I've been saying for years that a common currency shared across sovereign nations with independent fiscal policies was a rather silly idea. Six months ago, the idea that any EU country would leave the economic bloc was considered pure insanity; now, it seems imminent that at least Greece will exit, with Portugal, Ireland and Spain possibly to follow.
