Friday, May 6, 2011

Greece may pull out of Eurozone

This has been rumored repeatedly in Europe over the past year that Greece may pull out of the EU Zone and, in effect, loose the Euro and return to its former (and thousands of years old) Drachma.

See this article below from

Athens Mulls Plans for New Currency

Greece Considers Exit from Euro Zone

By Christian Reiermann

The debt crisis in Greece has taken on a dramatic new twist. Sources with information about the government's actions have informed SPIEGEL ONLINE that Athens is considering withdrawing from the euro zone. The common currency area's finance ministers and representatives of the European Commission are holding a secret crisis meeting in Luxembourg on Friday night.

See the article below:

For better insight into how Greece wound up in this situation, please see these former posts below:


Η μεγάλη απάτη με την Goldman Sachs απο

Also, see:

EU poised for Greece crisis talks

 6:21PM BST 23 Apr 2011

The documentary that won all the top documentary awards for 2010, Inside Job, just says it all about the world economic crisis.  I like how it starts with Iceland because we Greeks can certainly take a lesson from them on how to deal with corrupt bankers.

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