26 Mar 2015
Eurozone crises mode risks - ING
FXStreet (Guatemala) - Analysts at ING explained that the year 2015 has started on a stronger footing and a number of tailwinds are clearly supporting the recovery.
The ECB has finally put in place its long awaited sovereign QE programme, the so-called ‘bazooka’, while low oil prices and a weak exchange rate are two additional cylinders to power the recovery.
But each time the Eurozone economy seemed ready to shift into a higher gear
in the last few years, mounting troubles in Greece proved to be a roadblock
slowing down the upturn.
"And also this year, tensions between the new Greek government and its European partners could spoil the party. The success of the ECB’s bazooka will therefore be very dependent again on the ability to find an honourable compromise to avoid a ‘Grexit’, which could throw the Eurozone back into crisis mode.
The ECB has finally put in place its long awaited sovereign QE programme, the so-called ‘bazooka’, while low oil prices and a weak exchange rate are two additional cylinders to power the recovery.
But each time the Eurozone economy seemed ready to shift into a higher gear
in the last few years, mounting troubles in Greece proved to be a roadblock
slowing down the upturn.
"And also this year, tensions between the new Greek government and its European partners could spoil the party. The success of the ECB’s bazooka will therefore be very dependent again on the ability to find an honourable compromise to avoid a ‘Grexit’, which could throw the Eurozone back into crisis mode.