Troika threat was real cause of loss of confidence in Greece
In his end-of-2015 missive, Holger Schmieding of the Hamburg investment bank Berenberg warned his firm’s clients that what they should be worrying about now is political risk.
To illustrate, he posted a diagram, showing how business confidence collapsed in Greece during the late spring of 2015, and picked up again only after my resignation from the finance ministry.
