have a direct ‘precedent setting’ impact on subsequent negotiations with Spain; and,
perhaps re-open completed negotiations with Ireland.
Could it be that Greek negotiations are the (or an important) reason Spain continues to postpone bailout requests?
You might also want to read Mrs. Merkel goes to Athens. Why? This Greek newspaper article published yesterday strikes me as being a particularly well balanced one that discusses some of the underlying political issues and perceived risks related to Ms. Merkel’s visit today.
Topical References: Greek crisis is ‘like the Weimar Republic’, from The Telegraph, Louise Armitstead, October 5, 2012 – reading time 3 minutes. Also:
Ian R. Campbell, FCA, FCBV, is a recognized Canadian business valuation authority who shares his perspective about the economy, mining and the oil & gas industry on each trading day. Ian is also the founder of Stock Research Portal, which provides stock market data, analysis and research on over 1,600 Mining, Oil and Gas Companies listed on the Toronto and Venture Exchanges. Note: The Commentary and information above is provided ‘AS IS’ and solely for informational purposes, not for trading purposes or advice.