Does Greece leave the euro before the end of 2012?

Official TSP Center polls.

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Does Greece leave the euro before the end of 2012?

Yes
25
34%
No
49
66%
 
Total votes: 74

User avatar
Jahbulon
Posts: 3901
Joined: Wed Nov 17, 2010 1:22 pm

Does Greece leave the euro before the end of 2012?

Post by Jahbulon »

Does Greece leave the euro before the end of 2012?

Yes
No

User avatar
GFCSorI
Posts: 145
Joined: Tue Feb 01, 2011 3:29 pm

Re: Does Greece leave the euro before the end of 2012?

Post by GFCSorI »

I suppose the scenerio is that with the elections in April the new government will scuttle the whole bailout deal, but leaving the Euro in 2012 seems a long shot. I say it happens 2013.

User avatar
sludg
Posts: 157
Joined: Fri Jan 28, 2011 6:20 pm

Re: Does Greece leave the euro before the end of 2012?

Post by sludg »

I don't think they will leave the euro. If they do it would devistate the international markets for a while. On the + side that means we can jump in when they are low and ride out the recovery for some nice gains. I voted no but I hope for yes. :twisted:
Rule No. 1: never lose money; rule No. 2: don't forget rule No. 1 ~ Warren Buffett

User avatar
flight23
Posts: 1342
Joined: Mon Jul 26, 2010 10:47 am

Re: Does Greece leave the euro before the end of 2012?

Post by flight23 »

I think they only way they dont leave the Euro is if the richer countries in Europe just agree to subsidize them indefinitely. Nothing they are doing or have done thusfar solves the basic underlying issue of a lack of economic competitiveness in Greece. On top of that all they have done is convert private debt to EFSF/IMF debt, while at the same time the overall debt load has increased even with the private debt haircut. The situation is hopeless the way it stands. The only two possible solutions are Greece leaves the Euro & devalues their currency (which appears more and more likely) or the other European nations subsidize the economies of the weaker ones.
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