Euro Will Ride Out Greek Election But Not Failure in Spain and Mexico

Euro Will Ride Out Greek Election But Not Failure in Spain and Mexico: The ability of the Greek elections to inflict terminal damage on the Euro is now limited, though that won't stop short-term market reaction when the results are known tomorrow. The limiting factor, however, is Spain. The failure of the Spanish bailout puts Greece into context. Greece is now a sideshow. The problem is much, much bigger. The Euro will ride out the Greek crisis, because the EU can dredge up more money to face that one down. The bigger danger for the world is that nobody addresses the dismantling of the Euro, quickly enough.