European leaders should renegotiate Greece’s bailout package to break the political deadlock in the nation that has driven up prices of haven assets and weakened the euro, according to High Frequency Economics.
“Only the European Union governments can open a door that leads to a political solution for Greece,” Carl B. Weinberg, founder and chief economist at High Frequency in Valhalla, New York, wrote in an investor note today. “Most of the differences between the parties in the Greek political mix would be mooted and a new government could be formed if the EU governments would back down and agree to negotiate new terms for Greece’s economic adjustment.”
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