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An eventual "Grexit" (Greece exiting the Eurozone) will affect the US more than many realize, and I think that'll have to happen, things are too out of control. It'll affect the whole world in fact, not just Europe. Merkel has done well as Europe's de facto president so to speak and if Sarcozy hadn't lost reelection things would be better. I agree with Katherine that Greece's default is now impending, they can't get lucky that many times. Although many will not agree, Greece is a good example of socialism run amok. I saw report by a credible, not biased source that a Greek woman needed to open her own, simple small stationery business and she had to go thru 21 different processes due to all that red tape. In Hong Kong she'd be set up in an hour. There are other examples in Greece's case that make your jaw drop

It's now 50/50 as to whether the Eurozone will even exist in 10 years. Experts concur that a centralized monetary policy as was meant when the euro was formed just will not work with no fiscal coordination among the countries. A disaster was avoided with Greece a couple of years ago thanks to the wealthy countries, ie mostly Germany. But the conditions to ensure that this will never happen again with Greece or any country are still not in place. That simply means this: the Eurozone will cease to exist and countries will go back to before unification and their own currencies, or they will need to become the United States of Europe. There cannot be an 'in between' as we've seen. After Greece is dealt with again this time around you'll still have Portugal which is still vulnerable, and even Spain. And if Spain falters that's a much larger economy, then there will be no Eurozone left, period

<blockquote data-quote="angel69" data-source="post: 2237867" data-attributes="member: 97749">An eventual &quot;Grexit&quot; (Greece exiting the Eurozone) will affect the US more than many realize, and I think that'll have to happen, things are too out of control. It'll affect the whole world in fact, not just Europe. Merkel has done well as Europe's de facto president so to speak and if Sarcozy hadn't lost reelection things would be better. I agree with Katherine that Greece's default is now impending, they can't get lucky that many times. Although many will not agree, Greece is a good example of socialism run amok. I saw report by a credible, not biased source that a Greek woman needed to open her own, simple small stationery business and she had to go thru 21 different processes due to all that red tape. In Hong Kong she'd be set up in an hour. There are other examples in Greece's case that make your jaw dropIt's now 50/50 as to whether the Eurozone will even exist in 10 years. Experts concur that a centralized monetary policy as was meant when the euro was formed just will not work with no fiscal coordination among the countries. A disaster was avoided with Greece a couple of years ago thanks to the wealthy countries, ie mostly Germany. But the conditions to ensure that this will never happen again with Greece or any country are still not in place. That simply means this: the Eurozone will cease to exist and countries will go back to before unification and their own currencies, or they will need to become the United States of Europe. There cannot be an 'in between' as we've seen. After Greece is dealt with again this time around you'll still have Portugal which is still vulnerable, and even Spain. And if Spain falters that's a much larger economy, then there will be no Eurozone left, period</blockquote>

[QUOTE="angel69, post: 2237867, member: 97749"] An eventual "Grexit" (Greece exiting the Eurozone) will affect the US more than many realize, and I think that'll have to happen, things are too out of control. It'll affect the whole world in fact, not just Europe. Merkel has done well as Europe's de facto president so to speak and if Sarcozy hadn't lost reelection things would be better. I agree with Katherine that Greece's default is now impending, they can't get lucky that many times. Although many will not agree, Greece is a good example of socialism run amok. I saw report by a credible, not biased source that a Greek woman needed to open her own, simple small stationery business and she had to go thru 21 different processes due to all that red tape. In Hong Kong she'd be set up in an hour. There are other examples in Greece's case that make your jaw drop It's now 50/50 as to whether the Eurozone will even exist in 10 years. Experts concur that a centralized monetary policy as was meant when the euro was formed just will not work with no fiscal coordination among the countries. A disaster was avoided with Greece a couple of years ago thanks to the wealthy countries, ie mostly Germany. But the conditions to ensure that this will never happen again with Greece or any country are still not in place. That simply means this: the Eurozone will cease to exist and countries will go back to before unification and their own currencies, or they will need to become the United States of Europe. There cannot be an 'in between' as we've seen. After Greece is dealt with again this time around you'll still have Portugal which is still vulnerable, and even Spain. And if Spain falters that's a much larger economy, then there will be [I]no[/I] Eurozone left, period [/QUOTE]

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