Will The Eurozone Survive The Battle For Control Of The ECB?

  • The ECB was supposed to be completely independent from politics. While this was never realistic, the latest Greek debt episode is likely to produce some kind of culmination.
  • This is because the ECBs control of funding of Greek banks is largely discretionary and the biggest weapon in bringing the Greek back into the troika fold.
  • An intense battle for control of the ECB will ensue, will the Germans tolerate another loss? Will the eurozone survive these battlescars?

Will The Eurozone Survive The Battle For Control Of The ECB? | Seeking Alpha