Richard North, 09/12/2012  

Whisper it softly for fear of being mocked, but the worst may well be over for Greece, I wrote on 1 October

[T]he eurozone may be in crisis but there are still signs of hope, argues Huw Pill, Goldman Sachs' chief European economist, in today's Telegraph. A combination of economic, financial and political factors therefore serves to reinforce our expectation that the euro area will continue to muddle through, rather than progress towards resolution, he adds. 

I guess we weren't so very far out. 

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