Tuesday, 30 April 2013

Citibank predicts Greek and Cypriot €uro exit

Citibank has published a damning report on the €urozone's future, predicting a Greek and Cypriot exit from the single currency and structured defaults for Italy and Spain.

The Cypriot government is yet to vote on the EU's austerity programme and half of Cyprus' MPs say they're going to vote against it so a Cypriot exit might come sooner rather than later.

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John Young UKIP York's avatar

John Young UKIP York · 627 weeks ago

The implication of a Eurozone Exit will be the collapse of the EZ itself. Treaties would become invalid and the Northerns would be liable for trillions Derivatives cost to Germany would be 3t alone. Outcome could become armed conflict again.
If we get out first, we will collapse the EU, but in a controlled manner. Same goes for our German friends.
We should be more worried than we are about war and our strategy in case of.

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