This audio podcast was recorded December 30, 2014:
Stuart’s International Insights Podcast focuses on Greece.
- Greece has reemerged in world headlines, although it might be more bark than bite (but with risks to the downside for Europe). Important to keep an eye on general elections in Spain later in 2015.
- Greek government collapsed as they failed to elect a new president by December 29. General elections set for January 25. Anti-austerity party leads polls, but markets seem to mostly understand current issues and that debt is held mainly by multilateral institutions–not private banks.
- Impact on Europe is small and does not hurt prospects for full-blown QE. However, Greece highlights the toll that comes with a lack of structural reform (and divided popular support) on sagging growth prospects in the EU.
Click here to listen to the full audio recording
The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, a Registered Investment Advisor.