Loans and Finance

Loans and Finance

Text

News and information about loans, money, debt, finance and business issues.

Thursday, February 09, 2017

Malloch Predicts Grexit and Euro Demise

Ted Malloch, the US ambassador to the EU, expects Greece to leave to euro and suspects that the eurozone's days are numbered.

As per Zerohedge:
If the [IMF] will not participate in a new bailout that does not include substantial debt relief, and that’s what they are saying, then that, more or less, ensures a collision course with eurozone creditors.

Now we all know that primarily [puts pressure on] Germany, which remains opposed to any such actions, so I think it suggests that Greece might have to sever ties and do Grexit and exit the euro."
Suffice to say the EU doesn't want to hear defeatist talk like this, and is collectively whining at full pitch about Malloch's appointment!

No comments:

Post a Comment