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Greece is to quit the eurozone!


Portal11

Likes # 0

Could this be the beginning of the end for it? i'm sure last month Germany also stated they too wanted to pull out?

link text

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morddwyd

Likes # 0

Don't think so.

One or two countries might want to pull out, but it is now a global trading currency.

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Woolwell

Likes # 0

It is a rumour not fact.

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woodchip

Likes # 0

May be Greece think by bailing out they will not have to pay back the money they borrowed

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sunnystaines

Likes # 0

In the news the other day greece and portugal have massive gold reserves that run into many billions why are they not using this to ease the bail outs.

[perhaps we could send them mr brown]

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Strawballs

Likes # 1

sunnystaines Send Thatcher and she could sell all their utilities that are making a profit for their country and will end up in forign hands!!

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sunnystaines

Likes # 0

Strawballs

better still send both of them

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Quickbeam

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It's usually Greeks bearing gifts you need to beware of, but in this case it's the Greeks that should be wary of Maggie as a gift. Poisoned chalices and all that...

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johndrew

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It wouldn't be the first time a country has been mentioned as considering leaving the €. But given all the constraints applied by membership, the cost of changing in the first place in terms of prices and the probable penalties for leaving, plus other effects, it will be interesting to see what happens. In the case of Greece, I can see some advantages they may gain by leaving - interest rates, control over the value of their own currency value and similar - but given what they owe in loans ....??

Interesting that Salmond thinks the € is more stable than the £ and wants to join with all the restrictions and external control and at the same time wants to become independent from the UK. Perhaps he needs to consider the Greek experience an that of some other € members!!

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jim365

Likes # 0

Germany won't allow any country to leave the Euro. They will just bail them out.

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Quickbeam

Likes # 0

Let Germany pay then.

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