In an article published today, Bloomberg news agency comments on the current political developments in Greece and the effect they may have in the country’s finances and in Europe in general.

The piece, titled “Why Greece’s spillover across euro area will probably be contained this time” argues that the consequences of the collapse of the Greek government won’t be as grave as they were in 2012, when “two cliffhanger elections in 2012 prompted the darkest days of the debt crisis.”

Underlining that Europe’s leaders, its more weak economies and financial markets are better prepared this time, the news agency says that, despite the Grexit rumors that will echo through the Greek election campaign, “the spillover across Europe is likely to be contained.”

Citing Holger Schmieding, chief economist at Berenberg Bank in London, Bloomberg says that the euro crisis is over, and now we are dealing with a Greece’s problem.

Thanks to the ECB’s likely sovereign bond purchases, the countries along Europe’s edges are better prepared now, analysts at JPMorgan Chase & Co. told Bloomberg, making specific reference to Spain and Ireland that have turned the corner economically.