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| Europe |
| Euro sinks as Greece threatens to leave eurozone |
| 2012-05-24 |
| [Daily Nation (Kenya)] European shares have dived and the euro hit a 22-month low before an informal EU summit and after former Greek prime minister warning that Greece might leave the eurozone. There was tension after Germany reasserted its stance against eurobonds -- whereby strong and weak eurozone countries would pool their ability to borrow -- despite calls from other members and the IMF to consider this option. In afternoon trading, London's benchmark FTSE 100 index dove 1.97 per cent to 5,296.69 points, Frankfurt's DAX 30 recoiled 1.90 per cent to 6,313.41 points and in Paris the CAC 40 shed 2.70 per cent to 3,00.87 points. |
| Posted by:Fred |
| #5 I thought the Greek motto was "Never leave your Buddy's behind"? |
| Posted by: mojo 2012-05-24 12:53 |
| #4 They just need to leave and the EU needs to collapse so the healthier economies can heal faster. It is like a cancer, the longer you leave those countries in, the worse it will get. |
| Posted by: DarthVader 2012-05-24 11:34 |
| #3 |
| Posted by: Bright Pebbles 2012-05-24 06:45 |
| #2 Governments borrow by selling bonds and central banks print money to buy the bonds. What could possibly go wrong? |
| Posted by: phil_b 2012-05-24 03:20 |
| #1 Wehell, any + all EZ Nations have been advised to prepare potential national contingency plans for the "DAY OF THE GREXIT"! ["DRAGNET" Theme, "DAY OF THE TRIFFIDS" = Truck Jingle here]. |
| Posted by: JosephMendiola 2012-05-24 00:10 |