Global Macro Monitor

This political risk isn’t going away and poses the biggest risk to Europe, in our opinion.   Reform fatigue in the the south and bailout fatigue in the north will only grow and can and will not be pacified with ECB liquidity.

In case you missed it,  click here for the Der Spiegel opinion piece,  It’s Time To End the Greek Rescue Farce.

Here’s the caption from the Youtube video,

Hundreds of protesters chanting “Nazis Out!” clashed with police outside parliament during a general strike rally against austerity. Greek protesters burned a German flag and a flag with a swastika resembling that used by Germany under Nazi rule. The government is beginning to worry over a possible Greek anti-German explosion.

(click here if video is not observable)