Monday, 26 January 2015

Beware Greeks leading a rush for the Euro exit, or their unacceptable demands

Europe's chief concern is that Greece does not start a stampede to the exit. To be fair Greece's new leader does not want to leave the Euro but he does not want to live within his means, nor pay his debts and he has promised higher wages for everyone. Those of us who see the Euro as a burning room with no exits are not surprised, but I am torn. Part of me wants to see an end to the euro as we now know it.  The other part accepts that if Greece leaves the European economy will really struggle as others look longingly at the exit.