Thread: Eurozone will collapse...
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Old 23-02-2012, 10:31   #574
Alan Fry
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Re: Eurozone will collapse...
Quote:
Originally Posted by heero_yuy View Post
Just kicking the can further down the road. Greece will never be in a position to make good on the deals "thrashed out" AKA cobbled together to save face. It cannot borrow money nor devalue its currancy to stimulate growth which are the only two realistic ways out unless Germany chooses to give them the money with no payback required.

I can't see the German electorate standing for that.

Meanwhile we're not out of it either:



Source
If the German electorate want to prevent a recession in their own nation, give the bailout without a payback!

---------- Post added at 09:31 ---------- Previous post was at 09:30 ----------

Watch this Newsnight episode about Grecce

http://www.bbc.co.uk/iplayer/episode...ht_17_02_2012/
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