Goldman Warns Market Implications Of Europe’s Populist Revolt Are “Profound”
by Tyler Durden
ZeroHedge.com
01/09/2015
…over time, grand coalition governments may only serve to ossify the re-orientation of political allegiances along the mainstream vs. populist dimension. If economic malaise persists to the next election, support for populist parties is likely to build, as scepticism about the adjustments required to sustain Euro area membership rises. The Greek experience points in this direction. Were this experience to extend to larger and more systemically relevant countries (such as Italy or Germany), the implications for markets would be profound.
The Rest…HERE
