The Biggest Winners Of A Grexit Could Be The European "Far-Right"

So far there’s no sign of contagion in Europe stemming from the Greek crisis judging by sovereign yield spreads and neighboring stock markets, but that was to be expected. Greek debt has mostly been consolidated on the books of official creditors and everyone has had plenty of lead time to decide how much exposure to Greece they want to have. But Nomura analysts warn that there is a serious chance of political contagion if the unfolding crisis empowers anti-EU parties in other countries (the choice of the term ‘contagion’ tells you how they feel about such an outcome). Of the…