Greek Exit from Euro Imminent?

This should be interesting.

Greece’s possible exit from the euro moved to the center of Europe’s financial-crisis debate, rattling markets as authorities in Athens struggled to form a government.

Meetings brokered by Greek President Karolos Papoulias were set to continue today after Syriza, the leading anti-bailout party, rejected a unity government following inconclusive elections May 6. That moved the country closer to a new vote, with at least five European central bankers broaching the once- taboo topic of its exit from the euro.

There is, of course, a realistic chance that this will start a chain of events that will cause a complete collapse of the Euro. Stay tuned for the next exciting episode.

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3 Responses to Greek Exit from Euro Imminent?

  1. Roy Ryder says:

    This conversation has been happening under the table for a very long time, but the IMF and Eurotards have put a happy face on it until now. The Greek people have voted to elect people who aren’t interested in the austerity measures the EU has imposed. The Spanish, Italian, and Portuguese are in the same boat and their elections are coming up. It’s going to be a long, hot summer in Europe. Unfortunately, that bodes very badly for our “recovery” and we’ll likely suffer along with them.

  2. R.D. Walker says:

    If Greece goes, Italy and Spain won’t be far behind. The runs on banks in those countries would be disastrous for the entire Eurozone so they will likely be expelled. As their new currencies contract against the dollar, exports and tourism will skyrocket. Maybe next year would be a fine time for a cheap vacation in Rome or Madrid.

  3. notamobster says:

    Fine time to get your pocket picked, or be kidnapped, as well. Just sayin…

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