{"id":26538,"date":"2015-01-06T11:35:28","date_gmt":"2015-01-06T16:35:28","guid":{"rendered":"http:\/\/www.geopoliticalmonitor.com\/?p=26538"},"modified":"2018-04-16T14:26:02","modified_gmt":"2018-04-16T18:26:02","slug":"gpm-outlook-2015-rough-waters-euro-zone","status":"publish","type":"post","link":"https:\/\/www.geopoliticalmonitor.com\/gpm-outlook-2015-rough-waters-euro-zone\/","title":{"rendered":"GPM Outlook 2015: Rough Waters for the Euro Zone"},"content":{"rendered":"

Summary<\/strong><\/h2>\n

Beyond the awful gravity of the euro zone crisis – the livelihoods destroyed by economic shock and government ineptitude \u2013 there\u2019s a simple yet key lesson in market psychology to be learned: the bubble doesn\u2019t always pop when it should. Looking back to the late 2000s, it was obvious that Greece was borrowing far more than it could hope to repay without the conventional safety valve of a national currency to devalue \u2013 the \u2018backdoor default.\u2019 Even at the beginning of 2010, years after financial mayhem on Wall Street shook the global economy, Greece was able to find buyers for government bonds despite a sky-high budget deficit and ballooning national debt. When investors tightened their purse strings and the bubble finally popped, it popped with a bang loud enough to shake the European Union\u2019s very foundations. But it can\u2019t be said that the bubble popped on-time.<\/p>\n

Just as the Greek sovereign debt crisis didn\u2019t keep to a logical timeline, so too might the next crisis in the euro zone. And with the dangerous cocktail of looming deflation and elections in Greece, Spain, and an increasingly EU-wary United Kingdom \u2013 2015 is set to be a trying year for Europe\u2019s \u201cgreat experiment.\u201d<\/p>\n\n","protected":false},"excerpt":{"rendered":"

The euro zone\u2019s existential crisis has occupied international headlines for over four years now, and that\u2019s exactly why 2015 could just be the year that breaks the Union\u2019s back. <\/p>\n","protected":false},"author":474,"featured_media":33700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","filesize_raw":""},"categories":[1,29],"tags":[],"series":[],"episode_featured_image":"https:\/\/www.geopoliticalmonitor.com\/wp-content\/uploads\/2017\/12\/GPM-Square-Outlook.jpg","episode_player_image":"https:\/\/www.geopoliticalmonitor.com\/wp-content\/plugins\/seriously-simple-podcasting\/assets\/images\/no-album-art.png","download_link":false,"audio_player":false,"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n