Euro falls on rumours Greece is to quit the eurozone

[Gerald]

http://www.bbc.co.uk/news/business-13317770

Note: Update record,7 May 2011 Last updated at 09:17 GMT

[joea]

Interesting. Maybe a good thing after all, true will be a pain to go back to changing different currencies but honestly I rarely travel to more than one EU country at a time.

[Armistead]

The EU will evolve and change as will the nations that are apart of it..

I can imagine John writing Revelations, stating the world will one day have no currency, that 10 nations will combine out of the old Roman empire to be controlled by a world leader. I can only think he mumbled to himself.

"Damn politicians."


Course if you believe that stuff. I find it amazing most cultures have a end times story. My guess is once a few smart men had a taste of politicians they knew the end would eventually come one day.


Me, I don't know what to believe, except to stockpile can goods and ammo.

[Jimbuna]

So if they drop the currency will they pay back all of said currency they recently received?

[Gerald]

Originally Posted by jimbuna

So if they drop the currency will they pay back all of said currency they recently received?

Not likely, the money must be generated somewhere

[Jimbuna]

Originally Posted by Vendor

Not likely, the money must be generated somewhere

What do you mean?

[Gerald]

Originally Posted by jimbuna

What do you mean?

Because the country has of course a difficult situation as it is with earlier laws on pension rights, etc., and now they've borrowed some and has a pressure from the IMF, to meet the inflation target, and to be able to withdraw money via taxes. .. so eventually you may be entitled to it may be a change, but I doubt it, you know how it is made with Portugal, and other countries in similar situations