Looking Ahead

Of course, the chances of a Greek exit from the Eurozone appear to be subsiding somewhat, with the countrys Syriza-led government now rumoured to be willing to accept a six-month extension to the loan agreement from its 18 partners in the Eurozone. Although this does not mean that a deal is close, any extension would provide time and space for a new deal to be put together and agreed.

The problem, though, is that the Eurozone cannot afford to give an inch when it comes to Greek austerity, or else it could cause the current situation to be repeated across the Eurozone. Likewise, the Greek government has been elected because of its tough stance on austerity, and so is unable to go back to Greece with similar terms to those of previous years.

This stalemate means that the outlook for all economies across the globe remains uncertain and, although a deal of sorts may be agreed in the coming days that provides an extension for a longer term solution, the fact remains that a decision made by Greek and Eurozone politicians will have a major impact upon your finances in the coming weeks, months and years.

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While globalisation has undoubtedly led to an increased accumulation of wealth across the globe, it has also meant that countries many miles apart are now very closely linked economically.

So, while it does matter which government we have here in the UK and it is important that our own policymakers are making the best possible decisions so as to deliver economic growth, the outcome of talks concerning the Eurozone and Greece is likely to have a major impact on all of our financial futures.

Thats because the effects of either a Greek exit from the Eurozone or a less stringent programme