Quote:
Originally Posted by William_the_Bloody
The EU is a currency union, unless its member are willing to concede more power to a German dominated government in Brussels, it is less likely that it will survive. I personally feel that their is a good chance Greece will leave the EU, you can only impose austerity on a nation state for so long. It would be better for them to seperate and spurt economic growth through currency devaluation.
|
The fear if Greece leaves, is who'll be next! At the moment the trapdoor is shut but if Greece fall through the EU can survive, BUT there is still the lingering concern that other much bigger and struggling economies like Italy and Spain could follow Greece and that is the major concern of the EU.