Greece to Leave Euro Zone on June 18: Wealth Manager

[Hawkgirl]

Greece will leave the euro zone on June 18 if the populist government wins the country’s elections on the 17 as the rest of the euro zone rounds on "cheaters,"

“The euro zone is a club but you get cheaters who get away with it until everyone finds out and at that point you need to remove them otherwise everyone will cheat. It’s better for Greece to leave,” Dewhirst said.

“The basic question is that a German has to increase working from 65 to 67 and that is to pay for Greeks retiring at 50.

http://www.cnbc.com/id/47587509

Hey Barry, this is what happens when you run out of other people's money.

[Rockntractor]

Now the question is will the Euro continue to fall, will they take down US currency if they do fall, or will it help us?

[Hawkgirl]

Now the question is will the Euro continue to fall, will they take down US currency if they do fall, or will it help us?

Spain and Italy will follow. Along with Portugal and France. I see a break up of Eurozone in the near future and each country will have their own currencies once again.
In the short term, the destabilization will worry US investors and we'll see a negative impact. In the long term, it will be good for us.

[Rockntractor]

Spain and Italy will follow. Along with Portugal and France. I see a break up of Eurozone in the near future and each country will have their own currencies once again.
In the short term, the destabilization will worry US investors and we'll see a negative impact. In the long term, it will be good for us.

I have self proclaimed experts on other forums that try to tell me the Euro is stable and will do better in the near future and distant future than the dollar, I have strongly disagreed with them.

[fettpett]

I have self proclaimed experts on other forums that try to tell me the Euro is stable and will do better in the near future and distant future than the dollar, I have strongly disagreed with them.

HAHA, they are idiots. 5 years ago, they were right, today...no...Germany will pull out before it takes down it's economy. Fortunately for the English they didn't switch to the Euro and kept the Pound so it won't affect them nearly as much as it could

[Odysseus]

Spain and Italy will follow. Along with Portugal and France. I see a break up of Eurozone in the near future and each country will have their own currencies once again.
In the short term, the destabilization will worry US investors and we'll see a negative impact. In the long term, it will be good for us.

I think that it will be the other way around. The initial instability will make the dollar attractive as a reserve currency again, despite the inflationary policies of the Fed. However, the resulting instability in Europe will drive up the costs of everything that we import from there, and will reduce our exports.

[Hawkgirl]

I think that it will be the other way around. The initial instability will make the dollar attractive as a reserve currency again, despite the inflationary policies of the Fed. However, the resulting instability in Europe will drive up the costs of everything that we import from there, and will reduce our exports.

Every time Greece or Europe announced bad news in the last several months, the Stock Market sinks by triple digits. It will initially cause chaos as investors won't know how to react. Once the Euro crashes and countries regain their autonomy so to speak, we will stabilize and the dollar will once again be king.

[Hawkgirl]

I drive up the costs of everything that we import from there, and will reduce our exports.

Most of our imports come from China, not Europe. I may have to pay more for my Barilla brand pasta and imported Reggiano Parmiggiano, but I will survive.

[Rockntractor]

Most of our imports come from China, not Europe. I may have to pay more for my Barilla brand pasta and imported Reggiano Parmiggiano, but I will survive.

I buy French's mustard!

[fettpett]

Most of our imports come from China, not Europe. I may have to pay more for my Barilla brand pasta and imported Reggiano Parmiggiano, but I will survive.

while true, disruption in the Euro zone will have a bad effect on American Exports as the lower our dollar is the more of our Exports are sold as they are cheaper to buy, according to this



almost a quarter of our exports go to Europe