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The Only Three People Worth Listening to on Greece
As Greece hurtles toward another denouement, figuring out who to listen to can be a challenge. One minute Finance Minister Yanis Varoufakis is moving Greek bond yields by saying a deal is imminent. The next, his claims are being shot down by Germany’s Wolfgang Schaeuble. The result has pushed securities this way and that while giving few clues as to how the crisis will eventually play out. The trick, say economists from ING Diba in Frankfurt to Berenberg Bank in London, is to focus on the people who exercise true power over the euro region’s bond and currency markets right now: Greek Prime Minister Alexis ... (full story)
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