The Existential Danger To The Euro Is Elections

By Daniel R. Amerman – Re-Blogged From http://danielamerman.com

There is a respectable chance that the euro will collapse sometime in the next several years, with implications for employment, economic growth and investment markets on a global basis.  And the biggest threat is not directly money, debt, a potentially rapidly approaching Greek default, or a failure of central banking policies – but is instead something much simpler.

The risk is elections. That is, the near term existential threat to the euro – and indeed the global financial system – is when voters don’t do what the status quo politicians, the media and bankers want them to do.

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