This is the first in a series of blog postings from Europe at a critical time by peregrinating Ben Warwick, regular blogger for AdvisorOne and contributor to Investment Advisor. Ben is an investment advisor and author of the Searching for Alpha monthly newsletter.
LONDON—There is an old saying here that Americans don’t know where another country is located until the two go to war. Greece may become the exception to this rule.
Folks here and on the Continent are becoming increasingly convinced that Greece will eventually leave the euro. Austerity measures seem all but off the table at this juncture, as the fractured government that is forming in Greece seems to be leaning toward growth strategies as a more economically tenable solution.
This latter outcome would include Greek defaulting on its debts.