The eurozone endgame will begin in Greece

[AdminOnline]

Greece won't be able to make its austerity policies stick and, as the global depression worsens, will have to leave the eurozone

The June summit of the eurozone was initially trumpeted as a decisive step towards resolving the crisis. Italy and Spain won agreement to allow European institutions to recapitalise banks and purchase sovereign debt directly.

But once financial markets had a closer look, it became clear that little of substance had been achieved, and the borrowing costs of Italy and Spain again approached forbidding heights. Meanwhile the Spanish government has imposed fresh austerity, breaking its promises to the electorate. And unemployment in the eurozone continues to rise, exceeding 11% on average.

It is now..

guardian.co.uk/commentisfree/2012/jul/16/euro-endgame-begin-greece

[misombra]

the euro is screwed. the dollar is next.

[Petit Papillon]

the euro is screwed. the dollar is next.

Dollar is SO next.

[AdminOnline]

Fed do not know what to do next..
lol~

All waiting for the final countdown..

[Petit Papillon]

And I sooo hope we manage to move to Switzerland. Maybe it's false, but I somehow view Switzerland as a calm place in the middle of hell (Europe)

[Mish]

Meh, we survived stock market meltdown in the 80s (and world wars and depression before that) we'll survive this one, it's just a small bump on the road

[DoesntMatter]

Good, it's a shame to see some European countries being dragged down by the dead weight of other ones

[Petit Papillon]

Good, it's a shame to see some European countries being dragged down by the dead weight of other ones

Especially because those damn Greeks are lazy as hell. They demonstrate and do shit on the streets, and what should say polish people who have mostly 250 euros a month and prices like in other EU countries... we don't even have euro in Poland and the prices are already on the same level or even higher than for example in Germany, where average person has 1000-1200 euro a month... I don't know where this is going to end, but it looks bad.