Greece moves closer to eurozone exit after delaying €300m repayment to IMF

a reply to: defcon25
Leaving the euro would not make everything hunky dory but would give the Greek government a lot more options in how to deal with economic problems. At the moment the Greek government is being forced into an austerity programme that further damage the economy.
The consequences of leaving could be pretty brutal in the short term mainly in relation to import costs and potential capital flight however there are measures that could be taken to offset this.

Bottom line is Greece is going to default,gonna be bad.

a reply to: ScepticScot

I'm beginning to think you might be right....although a grexit will be brutal for them atleast they will have the opportunity to recover quicker than continuing with the Austerity measures that will keep them suffering for many years to come.
I read this article this morning and it is pretty good:

uk.finance.yahoo.com...

a reply to: defcon25
Hadn't seen that article (not a regular telegraph reader). Thanks for the link.

It is more propable that the world ends compared to Greece defaulting.

Also, it is more propable that the European Union is disolved much earlier than Greece be found out of Europe.

You are all talking from a supposed comfort zone when you are distant from the truth and wereabouts arround you.... the world that some have been shaping for you without you is nothing like you think. That is because you couldn t care less. So you get what you do...

Anyhow do not worry about Greece.
It has been here before you
and will be there after you... still.

Love and peace