Thread: Eurozone will collapse...
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Old 21-07-2011, 23:32   #80
Damien
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Re: Eurozone will collapse...
Quote:
Originally Posted by Osem View Post
I'm no economist and even I 'know' it isn't going to work. Greece and the other countries who were admitted to the Eurozone need to be removed from it before this thing really gets out of hand.

My wife's just come back from Slovakia - she reports massive price inflation since she was last there just a few years ago. The false Eurocrat promise of western affluence for all has only led to prices going through the roof whilst wages stagnate......
My understanding was that if Greece were to leave the Eurozone they would effectively end up defaulting on all their debts which would trigger a crisis in Spain and Italy. Then probably Ireland and so on.
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