How Will Greece Departing the Euro Impact You?
Regardless of how the most current round of negotiations turns out, Google the phrase “Greece likely to exit the euro” and notice the wide range of discussion over the last few months about this topic.
- Should Greece Leave the euro
- How can they leave the euro?
- Why should they leave the euro?
- How much time will the current restructuring buy?
- How much longer will Germans subsidize a country where people retire sooner and work less, than Germans?
- Why won’t Greek politicians take the hard steps they promised, particularly downsizing a bloated inefficient government bureaucracy?
- What similarities are there with American politicians statements as opposed to actions?
The only question that seems outstanding is when Greece will leave the euro.
Two key underlying issues of kicking the can down the road seem obvious. First Greece cooked the books fairly blatantly, or worse, depending upon your read of the situation. Secondly, Greek politicians avoided year after year the hard decisions needed to correct the underlying issues they ignored or hid, again depending on your read.
The obvious step to ponder is how a flat or stagnant Greece will impact your business. Expand that thought to ask how your customers will be impacted by issues of the Greek economy or the impact on European banks which have staggering losses on Greek debt being renegotiated or to be renegotiated in the next round of negotiations. Go even further as some of the commentators have and ask how much closer to a Greek situation will the US go before it stops kicking the can down the road
The real issue you have some control over from the current stage of the Greek debacle is to consider how changes in your customers’ profitability will impact you.



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