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Tag Archives: exit euro zone

EU Under TinFoilHat-Protection: No Greek Default, No Euro Exit

Europeans send reassuring messages just hours before the critical teleconference between Papandreou, Merkel and Sarkozy and hours after  Kassandra’s bombshells heralding Greek default and pushing for exit from the euro zone.   EU economic and monetary affairs Commissioner Olli Rehn said on Wednesday morning: “A Greek default or euro exit would carry …

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Dire Consequences should Greece Exit the Euro Zone

What many missed on the controversial and multiply denied DER SPIEGEL article claiming Greece was about to exit the Euro Zone, is the part referring to German Finance Minister Wolfgang Schaeuble’s report on “possible dire consequences” on the European economy should Athens drop the Euro”. The report or better say the …

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