Greek Exit a 'Headwind for Europe' But 'Not a Big Deal' in Long Run
The possibility of Greece exiting the eurozone is looking more likely, amid continued vows to scale back austerity measures in exchange for a bailout package.
The possibility of Greece exiting the eurozone is looking more likely, amid continued vows from new Greek Prime Minister Alexis Tsipras to scale back austerity measures the country previously agreed to in exchange for a bailout package. This leaves investors wondering if Greece will honor its financial commitments. TheStreet's Scott Gamm speaks with Michael James, managing director of equity trading at Wedbush Securities to discuss the implications of a Grexit from the eurozone, along with why the volatility seen in U.S. markets so far in 2015 is expected to continue.
