I wish the Greeks well. However, I see no real way out for them. Unlike Iceland they don't have their own currency at present and if they try to bring it back the country will fall even further into poverty. On the other hand the rest of the Eurozone isn't going to cut them any breaks out of the fear if they do Spain will be next and then Italy and then the whole ball of wax unravels. The whole Euro idea was poorly planned from Day 1.
There are probably billionaires out there who own more money than what Greece needs to stay afloat. Clearly there's a lot to it, because the market can fluctuate quite a bit when investors get wind of problems in Greece. I don't know the picture.
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I wish the Greeks well. However, I see no real way out for them. Unlike Iceland they don't have their own currency at present and if they try to bring it back the country will fall even further into poverty. On the other hand the rest of the Eurozone isn't going to cut them any breaks out of the fear if they do Spain will be next and then Italy and then the whole ball of wax unravels. The whole Euro idea was poorly planned from Day 1.
There are probably billionaires out there who own more money than what Greece needs to stay afloat. Clearly there's a lot to it, because the market can fluctuate quite a bit when investors get wind of problems in Greece. I don't know the picture.
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