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Will greece really leave the Eurozone ?
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It will probably be more likely that they leave the eurozone and that will be it, since it will definitely leave a bad taste in the mouths of all those nations that are going to affected. Unless Greece get control of their finances.0
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That's the last thing it would do. With the troika proved to be ineffective, the only question anybody would be asking would be, who next?but the only positive might be that if a decision is made that ends the uncertainty
A Greek exit wouldn't be the end, it would only be the end of the beginning. It would prove that nobody is going to get any effective help on terms that the voters will accept. No other government would dare ask for a bailout, unless they want petrol bombs coming through the windows. Who wants a bailout that drives a country into the ground and then abandons it?
So several other countries would be marked down to junk ratings immediately and would be unable to borrow, resulting in defaults as soon as maturing bonds have to be repaid. And so it goes on."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
So several other countries would be marked down to junk ratings immediately and would be unable to borrow, resulting in defaults as soon as maturing bonds have to be repaid. And so it goes on.
Bit like gambling if everyone folds, as they have no stake left, the game ends.
Trouble the potholder has no one to play (trade) with a bit like wishing all you touched was gold."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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