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(Bloomberg)   Weakening euro has officials beginning to consider a Greek exit. Looks like like we're not through with all that Santorum mess just yet   (bloomberg.com) divider line 7
    More: Followup, Greek, bank runs, unity government, North Rhine-Westphalia, monetary union, Monetary Commissioner Olli Rehn, euros, Angela Merkel  
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505 clicks; posted to Business » on 14 May 2012 at 8:59 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-14 09:35:54 AM
I want anal.
 
2012-05-14 10:37:17 AM
Apparently the term 'Grexit' has been coined for this situation. Saw that on the elevator this morning.
 
2012-05-14 10:46:47 AM
Who will go next Spain or Italy?

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2012-05-14 11:25:03 AM
I seem to remember stating it would be prudent to kick Greece out of the Euro a few months ago. Now we can see the consequences of not doing so.
 
2012-05-14 02:11:43 PM
Weaken farker! I've got a trip to Zurich and Paris planned for July, and while it won't help in Zurich, it definitely will in Paris.
 
2012-05-14 02:33:45 PM
Shouldn't that be "Grexodos"?
 
2012-05-14 10:37:53 PM

deadcrickets: I seem to remember stating it would be prudent to kick Greece out of the Euro a few months ago. Now we can see the consequences of not doing so.


The problem with letting Greece out of the EU, would be that they have no reason to honor their debts, whether it be by currency manipulation - when going to drachma - or straight up default.

Once that occurs, there will be every reason for people to believe that Spain is next, and pull every penny out of Spanish banks and place them into German banks.

Spain defaults, directly because of the above, on their debt obligations, and the cards come down around all debt-ridden countries.

/I don't have an answer
 
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