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Old 05-01-2012, 09:03   #472
Osem
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Re: Eurozone will collapse...

This is an interesting, if worrying, read:

http://www.bbc.co.uk/news/world-europe-16412705

Quote:
Greece, with its unelected leader, is marching to the EU/IMF tune. The Greek economy this year will contract by a further 3%, having shrunk 6% last year. Its retail sales are down 30%. A quarter of small businesses and shops are closing. There are large withdrawals of funds and much of the money is being moved out of the country.


Then there's resentment towards Germany:

Quote:
Already there is resentment towards Germany for trying to shape other eurozone economies to its own economic model. There are signs that the currency that was supposed to further unite Europe is sowing new divisions.
and resentment within Germany:

Quote:
Berlin increasingly has the feel of Europe's capital. For the moment the political class is committed to defending the euro. What is still unclear is what price Germany is prepared to pay to keep the eurozone together. Bild - its best-selling paper - had this headline last year: "They all want our money".
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