Telegraph Live - Greece: Reports that European Markets have nosedived due to the failure to form a Coalition Government in Greece, in its 2.18pm post the articles notes that there has been a fall of between 2%/3% around Europe.
Lets Get Real:
The Markets have to get ready for a Greece to exit the Euro faster than expected, there has been general comment that it could take a year and half for this happen, this blog has its doubts, Greece might not have that much time, if Germany turns off the money then Greece is on its own. The expected elections in a Month's time will settle the issue, if Greece goes out of the Euro expect the UK to pay, the good Greek people can be allowed to starve or for there to be civil disorder in Athens, thus the EU will have bailout Greece again whiles it sets up its own currency. It will cost billions of pounds folks, but the UK would have no choice, if the people are left out in the cold they might move to other European Counties, that would include the UK, thus more people on the dole, so its going to cost folks, it wont be popular, but nothing the UK Government does these days is popular, that is Democracy folks, and the Greeks did give the world that gift.
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