The Eurozone may be nearing the point of long term solutions 

Will the Eurozone receive a wake-up call in the coming year of the rooster and finally come to a decision that allows its member countries to heal economically?  This may very well be the case.  

Tsipras has been pushing unpopular reforms devastating to many of his people, particularly poorer retirees, in order to keep ECB money flowing and so that Greek banks can function.  His popularity has naturally been dropping.  In order to try to ease the pain of some of the hardest hit, he provided one-time pre-Christmas payments to retirees making less than $800 euro per month.  

https://www.theguardian.com/world/2016/dec/09/greece-under-fire-over-christmas-bonus-for-low-income-pensioners

https://www.theguardian.com/world/2016/dec/14/greece-on-collision-course-with-lenders-as-esm-freezes-debt-relief

https://www.theguardian.com/world/2016/dec/04/greece-must-reform-or-leave-eurozone-says-german-minister

Merkel has been struggling in regional elections as eurosceptic AFD has been beating her CDU party, with her CSU allies Still in the lead.  Though she’s likely to get another term next year, she can’t afford to be seen as lenient on Southern Europe. 

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About johnonstocks

I've been trading stocks since 2003, active on Motley Fool's discussion boards and using first Hidden Gems, then Global Gains. I no longer have the newsletters, but I keep up on the WSJ and read David Rosenberg everyday at gluskinsheff.com. Education: CFA level 2 candidate MBA-focus in Finance, Marshall, University of Southern California - expected Dec 2010. BS Mechanical Engineering, UC San Diego, June 2002
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