FXstreet.com (Barcelona) - The EU Summit opened doors to bond buying programs through the EFSF/ESM, but these actions can only see the light of day after the unanimous approval of all 17 Eurozone governments. However, this Monday’s European morning opened with news of Finland and Netherlands meaning to block the bond buying in the secondary market.
Risks of an euro exit by members like Finland arise: “It is issues like these that make us inclined to think the market is underestimating the potential for a smaller, fiscally sound country to leave the Eurozone, rather than Greece, as that is the message of history and those are the ones able to leave without all the negative repercussions”, wrote TD Securities analyst Richard Kelly.
Risks of an euro exit by members like Finland arise: “It is issues like these that make us inclined to think the market is underestimating the potential for a smaller, fiscally sound country to leave the Eurozone, rather than Greece, as that is the message of history and those are the ones able to leave without all the negative repercussions”, wrote TD Securities analyst Richard Kelly.
