Greece drops hints of pulling out of Eurozone as austerity measures threaten to unravel country

Oh dear! Looks like Greece may have to exit the Eurozone soon (maybe?!) Probably an inevitable outcome anyway. When will those dominoes start falling?

The Extinction Protocol

January 4, 2012ATHENSGreece 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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About Owen Law

My pen-name is ‘Owen Law’ (real name: Nicholas Davies.) I’m a science fiction writer specialising in dystopian/apocalyptic visions of the future. I’m from Shropshire, England (on the borders with Wales) and I’m in my forties. I have a background in public services and training. I’ve been working on my first novel, Dragon Line, since 2008. I’ve also written several short stories, one of which you can find on this blog (‘Matilda Leviathan‘). I now reside on the border of Shropshire and Wales, and my interests include writing (of course!), current affairs and environmental issues.
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