Greece uncertainty leaves eurozone directionless
When talking about the euro at the moment it is almost impossible to do so without making reference to the events surrounding Greece and the question of where its future lies.
From the outside looking in many regions of the world must wonder why the eurozone group doesn’t just cut its losses and separate from Greece. Part of the reason why this has been something the founding nations have been so reluctant to entertain is because it would break the concept of the eurozone.
We still appear to be waiting for the Greeks to call for a referendum asking the voting public if they want to remain in the eurozone. Should this vote come in with a ‘yes’ then that would give Syriza a mandate to break its pre-election promises and become more flexible with the ongoing austerity demands being placed upon them.
While we wait for this to happen we look doomed to remain in this current holding pattern of uncertainty.