The effect on markets will, again, depend on the degree to which a Greek exit affects other eurozone economies.
Many analysts believe that the creation of the ESM and the ECB鈥檚 recapitalization of private banks have provided a certain level of calm in international markets. Traders reacted rather measured to the news of a Greek election rerun.
鈥淧articularly the US economy is in a somewhat better condition than it was six months ago,鈥� says Mr. Ruparel. 鈥淪o for the US recovery a Greek eurozone exit will be more of a speed bump, not a dead end.鈥�
