David Gordon of International Capital Strategies stressed on CNBC that he scenario of Greece returning to its national currency makes a comeback and added that Brussels bureaucrats have condemned the country in multiannual austerity by suggesting that what happened in Greece will cause turbulence in the eurozone. According to him “If the drachma existed, then it would have been a drastic devaluation from the beginning “.
At the same time Mr. Gordon noted that during the next few months there will be a serious uncertainty around the perspective of Greece since the “Gordian knot” is not easily solved.
Furthermore he stresses that the chance of a SYRIZA victory is big. However, there are many questions raised. Firstly if SYRIZA will manage to become a self-reliance government.
In conclusion David Gordon states that one thing is for sure, that “uncertainty will prevail for many months to come in Greece”