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Germans back Greek exit from eurozone
30-07-2015 10:46
Germans back Greek exit from eurozone
Germans back Greek exit from eurozone

The longer Greek Prime Minister Alexis Tsipras has been trying to play the “Grexit” card in order to gain maximum benefits, the less people express the will to support the eurozone’s integrity. The threat of the Greek exit from the monetary union, which badly concerned member states initially, now seems to be pure hysterics. Those, who really want to leave, just go away without making multiple dramatic announcements. This could be the reason why almost half of Germans back the Greek exit now. German nationals share the view that Greece’s membership in the eurozone is not worth fighting for. YouGov, a reliable international full-service market research agency, unveiled the results of the recent survey, which showed that about 48% of Germans were positive about the Greek exit from the monetary union, and only one third of the respondents were against it. The survey revealed that the majority of German citizens still support their chancellor Angela Merkel and Germany's Finance Minister Wolfgang Schaeuble. The YouGov poll found that 46% of respondents favored Angela Merkel's position on the Greek issue, while 38% voted against it. As for Wolfgang Schaeuble’s hawkish stance, about 49% of Germans voted in favor of it and 32% turned out to be negative about his financial policy. Eventually, the parties reached a consensus on the Greek debt issue. A new agreement enables Athens to keep its membership in the European monetary union and ensures the extra bailout for Greece that could total 82-86 billion euros within three years.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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