previously mkt is worrying about Grexit disintegrating EU, which endangers the euro as a currency.
the consensus now is the effect will modest since central bankers and politicians have more instruments to contain the crisis. it will also serve as a lesson to Sprain/Italy/Portugal to practice fiscal austerity.
so while credit and currency market reacted negatively to the referendum, the currency market has recovered almost all losses.
just my 2c
the consensus now is the effect will modest since central bankers and politicians have more instruments to contain the crisis. it will also serve as a lesson to Sprain/Italy/Portugal to practice fiscal austerity.
so while credit and currency market reacted negatively to the referendum, the currency market has recovered almost all losses.
just my 2c