Oh dear! Looks like Greece may have to exit the Eurozone soon (maybe?!) Probably an inevitable outcome anyway. When will those dominoes start falling?
January 4, 2012 – ATHENS – Greece may have to exit the eurozone if it fails to secure its second EU-IMF bail-out its government has warned, amid new protests against spending cuts. “The bailout agreement needs to be signed otherwise we will be out of the markets, out of the euro,” government spokesman Pantelis Kapsis told Skai TV on Tuesday (3 January). The day before, doctors and pharmacists went on strike in reaction to planned spending cuts, with hospitals taking emergency cases only until Thursday. The latest €130 billion bail-out for Greece was agreed in principle by EU leaders in October, provided Athens cuts deeper into public spending, privatizes some services and state-owned companies and boosts revenues by clamping down on tax evasion. The scenario of a Greek euro exit – previously a political taboo – was first raised by German and French leaders in November after the former Greek…
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