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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"....
“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.
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.
Originally posted by woodwardjnr
I would say Greece leaving will be the beginning of the end for the EU.
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.
Originally posted by teapot
And a broken Europe would be ripe for Russian or Islamic invasion.
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.