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Greece to Leave Euro Zone on June 18

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posted on May, 29 2012 @ 05:02 AM
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Greece to Leave Euro Zone on June 18


Greece to Leave Euro Zone on June 18]

Greece will leave the euro zone on June 18 if the populist government wins the country’s elections on the 17 as the rest of the euro zone rounds on "cheaters"....
(visit the link for the full news article)


edit on Tue May 29 2012 by DontTreadOnMe because: added link




posted on May, 29 2012 @ 05:02 AM
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This statement comes from Nick Dewhirst, director at wealth management firm Integral Asset Management. There has been much speculation about a possible "Grexit" (Greek exit) from the eurozone, but this is the first time a senior figure in the financial world has gone on public record stating that a split would be certain and even giving a date. While the outcome depends on an election, Dewhirst seems to see both a populist victory and a rapid exit as basically foregone conclusions.

Dewhirst goes on to say that he believes the exit will be orderly and that there will be no need for the system as a whole to panic, comparing worries about the Greek exit to the Y2K problem. Others who are more pessimistic, however, have painted darker pictures of scenarios involving bank insolvency, hyperinflation, and a kind of domino-chain wave of nations leaving the floundering Euro.

Would a Greek exit be the first event in a major global shakeup, both economically and politically? Or will the difficulties be less doom-inducing than pessimists fear? With people going on record with actual dates, looks like we will fInd out for sure either way soon enough.


(visit the link for the full news article)
edit on 5/29/2012 by silent thunder because: (no reason given)



posted on May, 29 2012 @ 05:16 AM
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reply to post by silent thunder
 

I think you forgot to link the source but I found it on CNBC. The spin they give it is:

“The euro zone is a club but you get cheaters who get away with it until everyone finds out and at that point you need to remove them otherwise everyone will cheat. It’s better for Greece to leave,” Dewhirst said.


CNBC

I wish the voters much luck but have an inkling the politicians will do what they want anyway.



posted on May, 29 2012 @ 05:24 AM
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The thing is once Greece goes, all the attention will move to Spain, who are in a right pickle at the moment.The property bubble is about to burst, with homes set to lose half of their value.

I would say Greece leaving will be the beginning of the end for the EU.



posted on May, 29 2012 @ 06:12 AM
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Fact 1: It is illegal for ANY EU country to kick out another EU country. There is no chance for that UNLESS one country wants to leave by itself.

Fact 2: No it won't happen. If they wanted us out of Euro it would have been done long ago. They simply milk the cow (greek citizens incl. myself) to see how low we can go. Should Hellas leave euro then all hell will break loose. The stock markets of spain portugal itally will collapse and then goodbye eurozone. It simply wont happen.



posted on May, 29 2012 @ 06:12 AM
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Originally posted by woodwardjnr
I would say Greece leaving will be the beginning of the end for the EU.
That could be a very good thing or a bad one. It depends on how TPTB react to it. It could finally show them(should show them) that over-centralization of power does not work. De-centralization is the best way to manage disparate economies. De-centralization also leads to more freedom for the people which is why TPTB hate the idea.



posted on May, 29 2012 @ 06:12 AM
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reply to post by woodwardjnr
 


Thing with Spain though is that it regularly has property boom and busts. This is just the latest version. If i were them, i would be far more concerned about the 24% unemployment rate (near as dammit) and the exorbitant cost of borrowing.........

I wouldn't pay too much attention to this particular date either to be honest. No way on earth hedge fund managers or other finance boffins will be aware of the date before the Greek politicians have actually decided on one!

Still, will be quite interesting to see how close he is.

ETA:

Also, important distinction between the EU and the Eurozone - one being the social, cultural, political union of member states, the other being the members that use a single currency.

Greece, Spain, Italy, etc leaving the Eurozone will not mean the end of the EU but it may force it to be a looser alliance / community.
edit on 29-5-2012 by Flavian because: (no reason given)



posted on May, 29 2012 @ 06:25 AM
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Should Greece leave the Eurozone and go back to the Drachma;

The other PIIGS nations may well follow suit and as a result the EU fall apart

The Germans would go to plan B and produce their full draft for a divided Europe, ie, North/South economic zones

The Eurozone would become the fragmented zone and provide rich pickings for the wolves currently panting at the little PIIGSy's doors

And a broken Europe would be ripe for Russian or Islamic invasion.



posted on May, 29 2012 @ 06:26 AM
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Create the problem, offer the prescribed solution. A game so old in time.

The Euro was always created with a shelf life of initiation for introduction and the world will eventually 'progress' to it's new 'improved' financial globalist phase model base.

Check.



posted on May, 29 2012 @ 07:36 AM
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It's so sickening to be funny that Dewhurst accuses the Greeks cheating. I guess "cheating" means figuring out that a parasite has been feeding off the blood sweat and tears of the people.

It's fittingly ironic that the people who are accused of being lazy and who discovered democracy also discovered the Euro Zone was a mechanism for a small group of modern day money changers to get rich without working.



posted on May, 29 2012 @ 07:37 AM
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A crash of the system would be welcomed with open arms, even if it will cause suffering over the short term. The question is, will a crash allow us to rid the world of the money lenders who have enslaved us all in the name of globalism. Jesus turned over the money lenders tables in the temple and was crucified, Hitler tried to cut his country off the money lenders leash and was duped into a world war, what will happen if Europe tries to free itself?
edit on 29-5-2012 by Shred because: (no reason given)



posted on May, 29 2012 @ 07:56 AM
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Bilderberg military doesn't like when nations (Libya Iraq) get uppity. I hope Greece and Spain have some kind of defense agaist NATO and US bombings.



posted on May, 29 2012 @ 08:05 AM
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I can only dream of a EU collapse and a mother of a depression to hit the world. It will be the catalyst to change the way we live and work.

But it wont happen unless the gods are on our side. The Elite wont let it and will do everything in their power to stop it and they have considerable power. they hold sway over the media. which in turn holds sway over the sheep. and the sheep mold our reality unfortunately.

So this will come to the brink of collapse and be saved once again only to start the game all over again.



posted on May, 29 2012 @ 08:08 AM
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Greece would be much better off without the kosh of oppression slamming down across its neck every time it tries to plead its case. The fact is that the only reason Greece or any nation is having difficulties is nothing to do with personal debt. Nor are the government debt issues the responsibility of any number of, or any individual citizen of the nation.

The thing that has done for Greece in this instance, is the very construction of the financial structure of the nation, and of the wider world. It is UTTERLY reprehensible that nations or individuals ought to even NEED a loan. The reason that ANYONE has EVER required financial assistance down the years, is not a simple matter of over spending and under earning. It is a fundamental fact that when ones living costs outwiegh ones capacity to aquire funds, there is going to be an inevitable problem.

This fact has been obvious to all since Dickens was writting about workhouse children, and Ghosts of Christmas Past, Present, and Future. The solution however, is rather simpler than the financiers like to make out. First, an outright ban on all speculation. Food and oil prices world wide are to lock solid and never change, every nations currency is to be worth precisely the same amount. All employers must offer wages which can pay for a man or woman to feed, home, and provide for themselves and a family with room to spare. All landlords should be FORCED to offer rents which can be afforded with no more than a TENTH of a monthly wage packet, and utility bills must be capped also, so that a person can always save for the future, no matter what they do, or where they do it.

Finance as a business must CEASE, and currency should be relagated to the position it actually deserves, that being no more than a token, to trade for goods and services. Banks must no longer be profit based organisations, merely places to store money. Mortgages as we know them and so on will be banned, and all payments to banks on an interest basis banned as well. Loans for big items like the purchase of ones own home, to do with what one pleases, will be free of interest, and will be provided FREE of charge from customer to bank.

To keep the banks running (I.E. keep peoples money from getting stolen, and for the provision of such protection as would make that protection secure) a tax could be raised (a SMALL one) by governments, which would be paid from them to the banks instead, yearly, to cover the security costs involved. Thats all.



posted on May, 29 2012 @ 08:52 AM
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Also, mrs Langard the head of the IMF, is taking 381.000 euro per year and is paying 0 taxes due to a special agreement towards her from the articles 34 and 38 of the Vienna arrangment of 1961. This woman tells men and women to stay without homes and work 12 hours per day for 362 euro...



and as Napoleon had said

"There will always be kings... even if we don't call them that..."



posted on May, 29 2012 @ 09:25 AM
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Originally posted by Alda1981
Fact 2: No it won't happen. If they wanted us out of Euro it would have been done long ago. They simply milk the cow (greek citizens incl. myself) to see how low we can go. Should Hellas leave euro then all hell will break loose. The stock markets of spain portugal itally will collapse and then goodbye eurozone. It simply wont happen.


This is not the first time EURO has been formed. It has been attempted before the 90's too.

HISTORY_OF_EURO



posted on May, 29 2012 @ 09:28 AM
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Originally posted by teapot
And a broken Europe would be ripe for Russian or Islamic invasion.

And so history repeats..again
The european continent has had many conflicts since way back in time. What else is new?



posted on May, 29 2012 @ 10:46 AM
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Didn't the party who are pro austerity win the polls last week?
They'll stay in the euro and the can will be kicked as far as it can possibly be kicked.
And when the eurozone is on its knees the ECB will be authorised to fire up the printing presses and print the trillions that is required.
This will be very long, drawn out and painful, and the inevitable will be held off for as long as it possibly can.



posted on May, 29 2012 @ 11:08 AM
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Originally posted by SpaceMonkeys
Didn't the party who are pro austerity win the polls last week?
They'll stay in the euro and the can will be kicked as far as it can possibly be kicked.
And when the eurozone is on its knees the ECB will be authorised to fire up the printing presses and print the trillions that is required.
This will be very long, drawn out and painful, and the inevitable will be held off for as long as it possibly can.


Nope it didn't. We have ellections again in 17 of month.



posted on May, 29 2012 @ 11:15 AM
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reply to post by Alda1981
 


uk.reuters.com...

"Investors were also encouraged by weekend polls in Greece that showed the conservative New Democracy party, which backs the country's international bailout, has a lead over the leftist SYRIZA party, which opposes it ahead of a June 17 election."



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