BBC News: Reports on comments by former Greek PM Lucas Papademos, the former PM has stated that the Greek Government might be making plans to leave the Euro. This has sent EU Stock Markets tumbling.
Lets Get Real:
One can postulated folks that Greece might be out of the Euro before the June 17th Greek General Election, how long can the Markets take this constant up and down from Euro leaders when it comes to the Greece and the Euro. At the G8 the Leaders made it clear they wanted Greece to stay in the Euro but meet the terms of its agreement when it comes to austerity, Stock Markets for some reason went up, now they are heading down again, from between 1% t0 2%. At present the FTSE 100 in the UK at 1.40pm is down 2.9%. There is another EU leaders meeting tonight folks, as the article notes new French President, Francois Hollande wants Euro Bonds, the Germans have said NO, they fear that they will end up having to bailout the PIIGS till forever. Thus either the Markets or the Germans might decide before June 17th that's enough is enough and give Greece a RED CARD, this blog sees 4/10 chance of that happening, its not out there folks, time is not the side of the Euro or the Greeks.
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