SaxoTV

Jakobsen: Greece lightning strikes Euro

1,231 views
January 26, 2015 commodities markets, commoditiese, ec, ecb, ecb action, ecb balance sheet, ecb council, ecb draghi, ecb draghi parliament, ecb euro, ecb inflation target, ecb mandate, ecb meeting, ecb negative interest rates, ecb news, ecb policies, ecb policy, ecb policye, ecb rate, ecb rate cut, ecb rate decision, ecb rate decision interest rates, ecb rates, ecb rates decision, ecb stress, ecb stress tests, economic, economic data, economic growth, economic recovery, economics, economy, economy macro, equities, equity, equity strategy, equity trading, eur, eur usd, eurchf, eureur, eureureur, eurgbp, eurjpy, eurjpy price, euro, euro area, euro crisis, euro dollar, euro dollar strength, euro gdp, euro growth, euro high, euro inflation, euro pound, euro rates, euro sterling, euro strength, euro weakness, euro yen, euro zone, eurobonds, eurocrisis, eurodebt, eurodollar, europa, europe, europe crisis, europe gdp, europe growth, europe recession, european, european banks, european central bank, european central bank rate, european central banks, european commission, european economy, european equities, european gdp, european growth, european monetary policy, european recovery, european stocks, european union, eurozona, eurozone, eurozone crisis, eurozone economy, eurozone euro, eurozone growth, eurozone inflation, eurozone recession, eurozone recovery, eurusd, eurusd bearish, eurusd trade idea, greece, greece bailout, greece crisis, greece debt crisis, greek, greek bailout, greek crisis, greek election, greenback, greexit, saxo tv, tradingfloor.com
A big win for the left wing anti austerity party Syriza in Greece raises questions about the future of the Euro and the EU itself. Saxo Bank's Chief Economist Steen Jakobsen puts the result into a wider context, looks at immediate market reaction and the future for Europe.   

Currency wars have already started and will be fuelled by the big win for the left-wing, anti-austerity party Syriza in Greece; according to Saxo Bank's Chief Economist Steen Jakobsen, who gives us his reaction and thoughts about the future of the single currency and the EU. 

As central banks around the world try to devalue currencies Steen argues that currency conflicts can only intensify. Weaker EU members like Italy and Spain will also be watching the Greek negotiations intensely to see how good a deal Greece can achieve, at the end of what looks set to be torturous political wrangling.        

Steen puts the Greek result into a wider context, looks at immediate market reaction and the likely rush to gold.