In mid March the BBC conducted a survey.
Experts in the EU economy were interviewed, including those who make quarterly analytics and forecasts for the ECB. The 52 experts unanimously predicted the default of Greece. Besides, most of them think that Ireland will default in the near future.
The overall opinion is that no country is going to leave the EU. The Euro currency won’t be affected.
Gabriel Stein from Lombard Street Research admits that Greece has already become bankrupt. He says it will inevitably announce a default as the government cannot maintain the necessary pace of economic growth and cannot reform the taxation system so that Greece could pay off its sovereign debt.
Massimiliano Marcellino from European University Institute in Florence says that the debt-ridden countries are small enough, so they could get substantial aid.
In the meantime EURUSD is quite calm.
According to the Sub-department of Anticipatory Forecasting under the Department of studying Masterforex-V trading system , the recent pullback against the downward movement of EURUSD is still a correction inside wave C of H1. If the Sloping Axis (grey line) is broken back and confirmed by other signals, the downward movement of the given timeframe will continue.
The alternative scenario implies the end of the RP (Reversal Point) workout on H4. Getting over 1.4053 will probably resume the mid-term uptrend.
