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Old 27-06-2012, 21:49   #901
ntluser
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Smile Re: Eurozone will collapse...

Ironic really that Angela Merkel wants to keep the Euro intact but does not want to bail out all Eurozone members in the process.

Unfortunately, if she is not prepared to do that various Eurozone members may end up leaving the Euro and reverting back to their original currencies but in doing so there will be a lot of unpleasant consequences for their economies and their people.

I don't envy Greece if they leave the Eurozone but it will be really bad if Spain, Italy and other EU countries leave too.
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