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  1. joeExpat

    Possibility of a Greek default in next week

    Germany benefits the most by being in the Euro, at the expense of others. They would be the LAST country to leave. Germany leaving the Eurozone would be good for the other countries though, short term pain but longer term more competitiveness & control over their economies without the dead...
  2. joeExpat

    Possibility of a Greek default in next week

    Greece is suffering far greater sacrifices than Germany ever did after integration, & given that Germany was one of the primary reckless lenders to Ireland & Spain they shouldn't be able to dictate austerity terms to those countries either.
  3. joeExpat

    Possibility of a Greek default in next week

    Hopefully not, still a lot less than the near trillion spent to bail out UK banks. True, also poorly regulated and irresponsible German banks shoulder a lot of the blame for the current crisis. http://www.bloomberg.com/news/2012-05-23/merkel-should-know-her-country-has-been-bailed-out-too.html
  4. joeExpat

    Possibility of a Greek default in next week

    wrong .. southern Europeans work much longer hours than Germans.
  5. joeExpat

    Possibility of a Greek default in next week

    Would be OK for the rest of Europe but the German economy would go down the gurgler, so I don't think they'll go for that
  6. joeExpat

    Possibility of a Greek default in next week

    I don't think Spain will get as bad as Ireland, the big Spanish banks generally didn't recklessly lend to the same extent as Irish, UK & Icelandic banks which sent them under (smaller local banks did though), and only now some are needing government help following their property bubble collapse...
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