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Greek Euro Exit Risk Revived as Merkel Bluff Overlooks Contagion

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Mario Draghi’s July 2012 pledge to do “whatever it takes” to keep the euro intact has kept speculators at bay for almost three years. Bond yields fell from Dublin to Athens, giving governments room to cut budgets and start revamping their economies.

While it’s not been a period of robust growth, the talk of crisis has abated and even Greece’s six-year recession ended.