We asked traders about the consequences of a Grexit
The issue of Greece's place within the Eurozone has been fraught with tension for weeks, leaving both its residents and citizens worldwide anxiously awaiting a decision.
It's offical: Greece is remaining a member of the Eurozone—for now.
In order to keep their economy and country afloat, Prime Minister Alexis Tsipras (conditionally) agreed to the bailout terms he has struggled against for months. Anti-austerity has been a major factor in Greece's arguments against a bailout, but when push came to shove, Tsipras had to fold. Agreeing to the bailout means that Greece's public policies are subject to review by "bailout monitors," leaving little power in the country's hands. The effect this decision will have on Greek morale remains to be seen, and eurozone countries still need to vote to ratify the agreement.
Although we are now aware that there probably won't be a Grexit, we were interested in finding out what our contributors believe might happen if there ever comes a time for Greece to leave the eurozone.
That's why we asked traders, "Would a Greek exit from the Eurozone be positive or negative for the eurozone economy and euro currency?"