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Re: Eurozone will collapse...
Time is very short:
Quote:
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The banker said that if the ECB refuses to provide any additional credit, then the Athens government will have to think about abandoning the euro and introducing a new drachma currency - because otherwise, it would be impossible to pay wages and the economy would deteriorate from being frozen, as at present, to catastrophe.
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Linky
So it's either pour more money into the bottomless pit with no hope of it being repayed or watch the Euro fall apart. All comes back to the Germans.
If Greece is bailed out then expect Italy and Spain to be next in line. Why should they have austerity only to see the Greeks get a handout?
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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