An interesting development is allegedly emerging. There maybe a lawsuit brought against Goldman Sachs for structuring products that hid the debt of Greece to enable it to enter the Euroland political theme park and in the end, increased it. The rumors are starting to circulate behind the headlines. This could prove to be a very interesting development for the other side of 2015.75.
Greece appears to be set in motion to exit the euro, and Germany is preparing a 5-year exit plan. Quite frankly, by the time 5 years rolls around, we may find ourselves in an entirely different world. We will be lucky if the current crisis does not meltdown in less than half that time by 2017.
