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Old 16-01-2015, 12:52   #1498
Osem
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Re: Eurozone will collapse...

Quote:
It did not take long. The game is very much in play. Greek voters are being bombarded with warnings about what is at stake when they go to the polls on 25 January.

There is little that is coded in these messages. When a country has been bailed out to the tune of €240bn (£187bn; $286bn) there is no such thing as non-interference in Greece's internal politics.

Most of the European political establishment does not want Greece to elect the radical left party Syriza led by Alexis Tsipras. The party is currently narrowly ahead in the polls. Mr Tsipras is looking for debt relief and hinting that his election could spark wider change in Europe. He frames his message as "ending austerity politics".
http://www.bbc.co.uk/news/world-europe-30679182

Quote:
So German politicians are sending out their new year messages. Unlike in 2012, a Greek exit from the euro would now be considered "manageable". The eurozone has built up much greater protection against shocks. The German Vice Chancellor, Sigmar Gabriel, said "that's why we cannot be blackmailed". He wants Greece to stay in the eurozone, he said, but it had to abide by the agreements it had made.
This could be very interesting.
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