Re: Eurozone will collapse...
Interesting point from Robert Peston's blog
Greece has what economists call a primary fiscal deficit, in that what it raises from taxes does not cover the basic running costs of the state, let alone its borrowing costs too.
And the banks can't be blamed for that, can they?
Not really a sound basis for going forward, is it?
'People hate the truth - luckily, the truth doesn't care.' - Larry Winget
If my post is in bold, it's a moderating decision - if not, it's not.