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Old 07-05-2012, 10:17   #618
Osem
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Re: Eurozone will collapse...

Well the Greeks don't seem too keen on any more cuts:

Quote:
tough austerity measures, have lost their parliamentary majority, throwing the country into political uncertainty.

Between them, Pasok and New Democracy attracted less than a third of the vote in elections on Sunday.

A radical left coalition (Syriza) came second after New Democracy, and a neo-Nazi party polled almost 7%


http://www.bbc.co.uk/news/world-europe-17975370

... and the French electorate have made their views known too.

Quote:
... push ahead with his pledge to refocus EU fiscal efforts from austerity to "growth".

"Europe is watching us, austerity can no longer be the only option," ...
Doesn't look like cuts are going to be the 'carte du jour' in France any time soon.

http://www.bbc.co.uk/news/world-europe-17979913

Can't see how any of this is compatible with Merkel's existing plans for the EU. I wonder if the lady is for turning...
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