May 26, 2011

Greece update

Well, as everyone is clear on the fact at this stage that Greece will default the question that remain is how it will happen and if it will remain in the Eurozone.
it seems there are already forces at work to dump Greece and its debt, Reuters launched yesterday the following news:

From Reuters:
  • EU Commissioner Damanaki says Greece's Eurozone membership is at risk
  • EU Commissioner Damanaki says Greece must agree on tough measures or return to Drachma, according to state news agency
A few more interesting graphs from Reuters on the current Eurozone situation

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