Now it appears that the German exit (Gerexit, not to be confused with Grexit) could come sooner.
Ken: Are there any companies in your portfolio for which a Grexit would be a huge win?
"The probability of Greece leaving the euro - Grexit - is now very small", he told the BBC.
If Greek voters deserve greater honesty about the Grexit, so do those in the rest of the euro zone.
So Southeast Airports which operates the Cancun airport will be a net winner as a result of a Grexit.
In the short term, however, the cost of a five-country exit would clearly be much heavier than that of a Grexit.
ECONOMIST: Breaking up the euro area: The Merkel memorandum | The
The Grexit, Citi says, will likely in the first half of 2014.
Neither economy is in any state at all to weather a grexit.
ECONOMIST: The threat of a Greek exit: Unhappy in their own ways | The
The game of chicken he is playing with Berlin and Brussels is reckless because the costs of Grexit would be devastating for Greece.
Rising chances of a so called Grexit have displaced capital to the apparent safety of German bonds, pushing 30-year bunds below 2% for the first time.
FORBES: Europe Imploding Again: Get Ready For The 3PM Press Conference
Ken: A Grexit by itself does not necessarily lead to a big win for Provida, unless it puts pressure on BBVA to sell its pension business.
That would be even more likely, if the short-term mess resulting from a "Grexit" turned out to be containable, as many hope but none can confidently predict.
Many began 2012 predicting "Grexit" and yet we are starting 2013 with talk of "Brexit" - Britain's potential departure from the European Union, following Prime Minister David Cameron's speech last week.
While the visit from Merkel -- intended to strengthen eurozone unity -- quashed any immediate fears of a '"Grexit" from the euro, many in Europe wouldn't be disappointed to see them go, according to Economides.
Hollande has recruited international support from the IMF and the OECD for Eurobonds while a war of words between unnamed officials on contingency plans for a possible Grexit did nothing more than further muddle the situation.
FORBES: Europe Imploding Again: Get Ready For The 3PM Press Conference
After a Grexit there will be tremendous pressure put on BBVA to sell these assets in order to shore up their balance sheet, and Provida is the logical and perhaps the only potential buyer for these assets.
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