E.M.Smith
"Athens Mulls Plans for New Currency
Greece Considers Exit from Euro Zone
By Christian Reiermann
The debt crisis in Greece has taken on a dramatic new twist. Sources with information about the government’s actions have informed SPIEGEL ONLINE that Athens is considering withdrawing from the euro zone. The common currency area’s finance ministers and representatives of the European Commission are holding a secret crisis meeting in Luxembourg on Friday night."
......At best we can have Germany supporting the PIIGS in a lavish lifestyle based on a hope of someday being repaid. At worst we can have a decision for the Euro to join the devaluation parade as a way to make life easier for the PIIGS. In between would be a German Popular Revolt (as they don’t get much out of this in either case).
Then there is always the possibility of the whole EU / Euro Zone doing a ‘rapid self disassembly’…
Now THAT would be fun to watch! ;-)"
No comments:
Post a Comment