Grexit Scenario Delayed not Avoided According to El-erian

Despite the new rescue package, there’s still a strong risk that Greece will eventually have to drop the euro, influential economist Mohamed El-Erian said Thursday.

“The baseline scenario is still that Greece ultimately exits the euro zone,” he said.
But the short-term roadmap for the debt deal, which passed the Greek parliament early Thursday, should go relatively smoothly, the chief economic adviser at German financial giant Allianz said.
Case in point, the European Central Bank announced Thursday an increase in much-needed emergency lending to Greek banks, which have been closed for more than two weeks with capital controls on withdrawals.

via CNBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza