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Greece exit would not end euro, says EU commissioner
BlondeHeadOn
Posts: 2,277 Forumite
Is this the beginning of the softening up process - a way of cushioing the inevitable?
"European Commission Vice President Neelie Kroes told a Dutch newspaper that there would be "absolutely no man overboard" if Greece left the euro.
Greek party leaders meet on Tuesday afternoon amid a general strike.....
"What's a man overboard?" Mrs Kroes told the Dutch newspaper Volkskrant. "It's always said that if you let one country get out, or ask it to get out, then the whole structure collapses. But that's simply not true....
A similar message was delivered with a more optimistic spin by Jean-Claude Juncker, chairman of the "eurogroup" of eurozone finance ministers, who said he had no doubt that Greece would remain within the eurozone, provided that it met its obligations to other members.
"The euro will outlive us all," he said."
Link here:
http://www.bbc.co.uk/news/business-16923706
"European Commission Vice President Neelie Kroes told a Dutch newspaper that there would be "absolutely no man overboard" if Greece left the euro.
Greek party leaders meet on Tuesday afternoon amid a general strike.....
"What's a man overboard?" Mrs Kroes told the Dutch newspaper Volkskrant. "It's always said that if you let one country get out, or ask it to get out, then the whole structure collapses. But that's simply not true....
A similar message was delivered with a more optimistic spin by Jean-Claude Juncker, chairman of the "eurogroup" of eurozone finance ministers, who said he had no doubt that Greece would remain within the eurozone, provided that it met its obligations to other members.
"The euro will outlive us all," he said."
Link here:
http://www.bbc.co.uk/news/business-16923706
0
Comments
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It's nonsense again.
If there is no real problem with Greece leaving the Euro, why are they throwin gthe book, the kitchen sink and everything else at the country and coming up with absolutely didly squat in solutions?0 -
Wishful thinking...
Let's just say that indeed Greece secedes from the eurozone. And you are an average person with some savings in a local bank in Ireland, or Portugal, or Spain. Perhaps Italy too. And why not France?
What would you do the very next morning? Leave your money as it is, or -in fear that your government will follow suit- withdraw everything while you can in hard EUR before the return of ghost currencies?
Somehow I am afraid that this will trigger the biggest bank run in history!You wanna hear about my new obsession?
I'm riding high upon a deep recession...0 -
Demonstrators burned a German flag in Athens today during a general strike, talk about biting the hand that feeds you and all that?0
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