News reels this morning are explaining to the world that the Greek Co-op government won’t work because all of the parties are at odds with how to deal with the Great Greek Default looming over their heads.  This is not exactly a shock or a surprise, especially to the ECB who are now considering the Greek exit from the Euro as a serious scenario, and in a few of the interviews it seems like a certainty now.  The possibility of losing Greece from the Euro and Spanish bond yields climbing is attacking the currency again as it will continue to over the coming weeks, especially if a Greek government coalition isn’t found soon.

Posted by Jonathan Bristow