#1 Greece to Leave Euro Zone on June 18: Wealth Manager05-29-2012, 08:02 PM
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.
Hey Barry, this is what happens when you run out of other people's money.
05-29-2012, 08:13 PM
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?
05-29-2012, 08:28 PM
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.
05-29-2012, 08:39 PM
05-29-2012, 09:28 PM"Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings..." Patrick Henry
- Join Date
- Oct 2009
- Southwest Michigan (in Exile)
05-29-2012, 09:59 PM--Odysseus
Sic Hacer Pace, Para Bellum.
Before you can do things for people, you must be the kind of man who can get things done. But to get things done, you must love the doing, not the people!
05-30-2012, 12:18 PM"Today, [the American voter] chooses his rulers as he buys bootleg whiskey, never knowing precisely what he is getting, only certain that it is not what it pretends to be." - H.L. Mencken
- Join Date
- May 2008
- Northern Virginia
|« Previous Thread | Next Thread »|