If Greece drops the euro, will the rest of Euro-zone countries celebrate?

by bob Posted 2012/06/15 16:15:51

Related Topics: Greece

21 votes
Read all 8 opinions
View Results and Demographics + View Demographics

Loading Demographics... Click an icon to see demographic results Display unknown and private
	Germany will be happy to stop supporting the economy and government of Greece, Portugal, Spain and Italy	6 votes	29%
	The European Central Bank and European Union would have to persuade bond investors that they will keep Portugal, Spain and Italy from following Greece out the door.	3 votes	14%
	The European Central Bank and European Union would be better off without Portugal, Spain, Italy and Greece dragging them down	2 votes	10%
	In the derivatives market, where credit default swaps are traded, there's a twist. When markets treat Spain like a bad credit risk, those who took out insurance on Spanish debt to protect against a default can force the banks that sold the insurance to pr	0 votes	0%
	Greece government and banks currently survive on international aid. Without access to markets, they have to print money.	0 votes	0%
	If they pull out of the European Union; Portugal, Spain, Italy and Greece will be the cheap place to visit, since their currency will be worth nothing	0 votes	0%
	If the dominoes of Portugal, Spain, Italy and Greece fall so will the dominoes fall world wide	0 votes	0%
	Undecided	4 votes	19%
	All of the above	4 votes	19%
	None of the above	2 votes	10%

Add a comment above

Mark 2012/06/16 20:09:02

Undecided

+1
Many of these southern european countries got in by fudging their figures which got the green light from the big pair. Now they are reaping the benefits.
They should have gone with full political union. It would be hard to keep together a large country like this. I am sure that India has vastly differing economies within itself from the borders of Nepal to the central drylands. I imagine it is the same in USA. How do New York and Louisiana benefit eachother being in the same economy?

reply
superangrymonkey 2012/06/16 14:56:18

All of the above

+2
This one

reply
Wolfman 2012/06/16 07:39:45

Germany will be happy to stop supporting the economy and government of Greece...

+1
I predict Germany and the Dutch will keep the Euro and let the fiscally-inept go down the drain.

reply
Vijay Pawar 2012/06/16 07:34:41

All of the above

+1
Their association to strengthen the URO, All is not well, some gain more, some less, some loose the most, so the divide now it's a interesting juncture in EUROPE.Let's wait & watch..

reply
Lord Claremorris 2012/06/16 01:32:47

Germany will be happy to stop supporting the economy and government of Greece...

+1
Greece should never have joined anyway. The European economies are far too different to be truly integrated with one currency. It should have been confined to Northern Europe alone, the Southern European states, and former Communist Block, are no asset. As for celebrating, I doubt it. What's been done has been done, and now things will start to get ugly.

reply
Dan 2012/06/15 16:51:11

Undecided

+1
I don't know so much of the financial sector has be built like a house of cards, as long as people hold their nerve it's ok, but if confidence falls as it may then the dominos could fall at a geometric progression. That would be a wost case scenario which could melt down economys across the world.

reply
zbacku 2012/06/15 16:34:39

None of the above

+1
Chances are they will all go bankrupt.

reply
kmay 2012/06/15 16:24:58 (edited)

None of the above

Eventually they are all going to fall with the exception of Germany however they will be negatively affected as will we....what is Obama's plan???

reply