Look at Greece

[Ricex]

I thought you may find this video interesting as it looks at the problems Greece is having at the moment and also how they are giving the Eurozone boffins in Brussels a real headache.

 

[Pharaoh]

Yeah. Sive mentioned that the ECB was laying the legal groundwork for Greece's possible expulsion from the Eurozone. Whether it's a solid plan or just a warning shot remains to be seen.

 

[Ricex]

Indeed, I certainly get the impression from the Germans that they are not amused.

This from Germany's economy minister Rainer Brüderle, who said there would be "no bail-outs" for struggling debtors and no move to a "European economic government".

"A few European nations are exhibiting dangerous weaknesses. That could have fatal consequences for all countries in the eurozone," he said. Despite the warning, he said each country must solve its own problems.

"Germany is not in a mood to be the deep pocket for what they consider profligate, southern neighbours," said hedge fund doyen George Soros.

The problem is that Greece is not the only EU country in doo-doo, there's Portugal, Spain and Ireland too.

The wheels on the cart are wobbling...

 

[Pharaoh]

Eeek! Sounds like the Germans may be gearing up for economic blitzkrieg.

Let me know if their bankers all start singing Deutchland Uber Alles.

 

[Ricex]

....lol.....

 

[Ricex]

.....well well well... one day the wind blows that way, one day the wind blows this way..

A senior German ruling coalition source said euro zone governments have decided in principle to help Greece and that various options were being considered. Germany is preparing an aid package for Greece and considering both bilateral help and measures agreed at the European level, a German newspaper also reported, citing German coalition sources.

....the plot thickens.

 

[Forexwatchman]

It's all rumors until its offical, but boy does Greece continue to stink up the euro zone. With such thin economic data being released this week, everyone seems focused back on the weakest link for clues.

 

[Eric Alyea]

Kick one out they have to do the rest

Kick one out they have to do the rest

Countries in Europe:
spending 30-40% of their tax revenue in interest repayment
Spain
Italy
Portugal
Greece
Ireland
If you pay 40% of your tax revenue (THE VALUE OF YOUR CURRENCY) to pay back your loans.

 

[gmartinez]

Greece is not the country with more debts in Europe, there are various countries with a high level of debt.

 

[clem699]

Greece is not the country with more debts in Europe, there are various countries with a high level of debt.

With the noise slightly low on Greece and now Italy is another issue gaining momentum.Could these events coming up one after the other could be the beginning of the collapse of the currency and the union?