Eurozone

[Stevenfx]

What do you think that will happen with the eurozone. Can the new bailout plan really work things out? I cannot see a bright future for the Euro.

[Enivid]

I don't believe that the failure of Greece and its subsequent departure from the eurozone will be a very serious blow to the euro in long-term. After all, Greece wasn't a big contributor to the system. If Germany or France decide to leave the eurozone - that will be a real problem.

[Stevenfx]

Originally Posted by Enivid

I don't believe that the failure of Greece and its subsequent departure from the eurozone will be a very serious blow to the euro in long-term. After all, Greece wasn't a big contributor to the system. If Germany or France decide to leave the eurozone - that will be a real problem.

Italy has joined Greece as an unstable country. Everybody knew that it had a serious debt problem but Greece took all of the attention. Now, with the resign of Berlusconi the investors are getting much more nervous. Italy's weight on the EU economy is much important than Greece's and a bankrupt there will be a disaster in a completely new levels.

[Weizfx]

Originally Posted by Stevenfx

What do you think that will happen with the eurozone. Can the new bailout plan really work things out? I cannot see a bright future for the Euro.

From my point of view, based on many experts, the bailout plan will not help Greece, which will have to separate from the Eurozone. Even if the current bailout plan does help the Greek economy, who is going to save the other PIIGS countries? There is not enough money. I don't think that the Euro is going to disappear buy I do think that it will change its shape from the way we know it today.