Euro Crash: Why's Greece About To Exit Eurozone Taking Euro With It?
London, UK - 25th January 2015, 09:35 GMT
Pay close attention to Greece now.
1. No austerity for posterity as the anti-bailout Syriza party extends its lead in the polls just before elections in Greece on Sunday.
2. Whilst the Greek people are warned that a Syriza win may risk Greece leaving the euro, that's the only hope for the average Greeks feeling disenfranchised by the Greek economy.
3. Syriza’s rise is fuelled by professors-turned-politicians who are in no mood to appease the large debt and austerity enforcers: the IMF, the ECB and the EU.
End of The Romance With Europe? Grexit
4. Syriza victory in Greece could lead to 'economic chaos' within Greece as promises to reduce the debt burden by 50% cause a rapid Grexit from the eurozone.
5. The cascading ripples across the euro zone are likely to cause the single currency to collapse further in value against the dollar and other hard currencies just as it is already in free fall because of the 1.2 trillion euro money printing -- quantitative easing -- announcement by the ECB this week.
Read the full briefing at ATCA 5000.com
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What are your thoughts, observations and views? We are keen to listen and to learn.
Best wishes
D K Matai
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