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  1. #1
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    Euro-Zone Expulsion Should Be an Option

    Merkel Says Euro-Zone Expulsion Should Be an Option

    German Chancellor Angela Merkel said providing aid to Greece shouldn't be a "rash decision," and expulsion from the euro zone must be a possible consequence for countries that threaten the bloc's stability in the future.

    Merkel Says Euro-Zone Expulsion Should Be an Option - WSJ.com
    Quote Originally Posted by WSJ
    BERLIN – German Chancellor Angela Merkel steered Berlin on a collision course with its euro-zone partners on Wednesday, calling for delinquent members of the currency area to be expelled.

    "We need to have an agreement under which, as a last resort, it's possible to exclude a country from the euro zone if again and again it doesn't fulfill the requirements," Ms. Merkel, referring to euro zone deficit and debt rules, said in an address to Germany's lower house of parliament.

    Most observers quickly dismissed the proposal as political theater, aimed at shifting the debate away from Germany's role in the ...

  2. #2
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    Quote Originally Posted by Butterfly
    Merkel Says Euro-Zone Expulsion Should Be an Option
    Of course there should.

    Greece should have been kicked out by now and probably still will be, given that I read last night that Germany's constitution forbids a bailout using German public funds.

    The markets are acting like the Greece thing is over, but I doubt it is.

  3. #3
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    CDS are giving Greece a 22% chance of default, which is quite high, since this is serially correlated, we should reach 80% very soon

    technically they are already bankrupt, and they might to leave the EURO when faced with no choice

    they are going to default on their sovereign debt interest payment very soon,

  4. #4
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    Please be serious. There are states in the USA that are technically bankrupts. Are we going to see anytime soon a breaking up of the USA ? Since when do we have to take literally what politicians say ?

  5. #5
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    The only country that should be kicked out is England. Of course Scotland, Wales and Ireland will stay

    I really don't understand those people, they could be a great nation in Europe, they prefer to be a state without vote in the USA. And there people make fun of the way they speak ... Really don't get it
    The things we regret most is the things we didn't do

  6. #6
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    Quote Originally Posted by Perota
    There are states in the USA that are technically bankrupts.
    not as bad as Greece though, and US state debt is different from the current EU structure, when a state default, the Federal government doesn't guarantee the debt, they are separate

    with a EU central bank governing the Euro and each sovereign debt, then it becomes much harder to ignore. It's a pool of debt funds. When Greece default, with their expected long recovery, it is going to take a significant toll on the EURO, and could trigger a cascade effect. Think how many European banks have Greece debt in their book. Remember the subprime crisis ?

  7. #7
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    Quote Originally Posted by Perota
    I really don't understand those people, they could be a great nation in Europe, they prefer to be a state without vote in the USA. And there people make fun of the way they speak ... Really don't get it
    they are British, nobody understand them

  8. #8
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    But they have a great sense of humour. What a shame.

    Last week I was watching a rerun of "Yes prime minister", it's really good.

  9. #9
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    And face it. some of the best american actors are either British, Australian or Canadian.

    Actually same for France, our best singers are usually from Belgium

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