Quizzes & Puzzles1 min ago
What Impact Will A "grexit" Have On The Uk?
11 Answers
http:// www.bbc .com/ne ws/busi ness-31 297809
Looks like it's a serious possibility that the bubbles will be leaving the Euro, what effect will this have on the UK? I suggest minimal but it may well start a domino effect in the Eurozone.
Looks like it's a serious possibility that the bubbles will be leaving the Euro, what effect will this have on the UK? I suggest minimal but it may well start a domino effect in the Eurozone.
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big waves - altho it seems inevitable
Stiglitz - a nobel prize winner in this - says the problem is bankruptcy and you dont 'treat' that by lending more money
if it were a cash-flow problem then lending more money would be an issue
In terms of a domino effect - Spain and pOrtugal and poss Italy would follow and the whole idea of a common currency goes up the chute
big waves - altho it seems inevitable
Stiglitz - a nobel prize winner in this - says the problem is bankruptcy and you dont 'treat' that by lending more money
if it were a cash-flow problem then lending more money would be an issue
In terms of a domino effect - Spain and pOrtugal and poss Italy would follow and the whole idea of a common currency goes up the chute
//The Greeks won't leave the €urozone. //
Perhaps we should get the opinions of a few twist and shouts, I think you will find their tolerance is now really stretched.
Last time they had their hands tied, this time the Eurozone is better placed. Banks and large corporations have written a lot of the debt of their books and are also in their Technology to be able to remove the Bubbles.
It may not happen but at this point in time I would not put money on them stopping.
As for the UK, we will get a ripple but not much more. UK (and EU) tourists will probably enjoy cheap Greek hols again though.
Perhaps we should get the opinions of a few twist and shouts, I think you will find their tolerance is now really stretched.
Last time they had their hands tied, this time the Eurozone is better placed. Banks and large corporations have written a lot of the debt of their books and are also in their Technology to be able to remove the Bubbles.
It may not happen but at this point in time I would not put money on them stopping.
As for the UK, we will get a ripple but not much more. UK (and EU) tourists will probably enjoy cheap Greek hols again though.
Ymb
The ECB has just magiced €1.2trillion to buy toxic national debts in the Eurozone. Germany will be the biggest beneficery with over 25% of the money going to them. (Greece get next to nothing by the way).
After this huge handout, the Germans will have some wriggle room to reschedule Greece's loans.
The ECB has just magiced €1.2trillion to buy toxic national debts in the Eurozone. Germany will be the biggest beneficery with over 25% of the money going to them. (Greece get next to nothing by the way).
After this huge handout, the Germans will have some wriggle room to reschedule Greece's loans.
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