Economy

Owlet

(1,248 posts)

6. I would bet on sooner rather than later

Fri Feb 10, 2012, 08:33 PM

Feb 2012

There is the hard date of March 20, of course, when Greece has to come up with $18bn - money it doesn't have, and will not get from the ECB unless there's a deal on all of he proposed austerity measures by Feb. 15. The Greek government is falling apart, the cops are about ready to over to the side of the demonstrators and the odds of any deal being cut by next Wednesday look pretty slim. I have no crystal ball or inside knowledge, but it looks from all I can see as though the party's over and Greece begins the process of leaving the Eurozone next week, if not this weekend.

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