Greece's only certainty in 2013? Predictions are futile
You cannot look upon 2012 as anything other than a momentous year for Greece. During those 12 months, it agreed a second massive bailout, carried out an unprecedented restructuring of its public debt, held two tumultuous national elections, was led by three prime ministers, had a fifth straight year of recession and saw unemployment climb to a eurozone high of 26%.
As epic as these events proved, though, they barely lived up to Greece's billing in some reports. Spurred on by analysts' predictions, such as the one by Citigroup's chief economist William Buiter that Greece would leave the eurozone at the start of 2013, a plethora of commentators predicted that 2012 would be its last in the single currency.… Seguir leyendo »