Greece has future in euro zone, analysts increasingly believe

Successive debt bombshells from Greece have so far failed to blow apart the political bonds that hold it in the euro zone, persuading growing numbers of economists to change their minds and conclude that the country's fate lies inside the currency union rather than out.

Reuters polls over the last few months suggest Greece's euro zone membership has become more secure, in spite of the daily torrent of dismal economic news from Athens, and perhaps even because of it.

The sheer magnitude of Greece's slump has contributed to a growing sense that little remains, in economic terms, that would force lenders to cut off funding to Greece and boot it out the euro zone.

For economists, Greece's future in the euro zone is no longer an economic question but one of political willpower, which remains firm in Athens and Brussels, in spite of opposition from politicians in Germany.

Read Full Article from Reuters

- Posted: 2012-08-17 15:27:10

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