Is Greece leaving Euro Zone?

Chances of Greece leaving the Euro Zone are greater than ever. Especially now that Europe has arranged its affairs better and has become less dependent on the problem country.

This is what Sylvester Eijffinger, professor of monetary and financial economics, and monetary economist Edin Mujagic have stated on Mejudice.nl.

The chances of a Greek bankruptcy are increasing. The current Prime Minister Lukas Papademos is far from popular. It is unsure whether he will be able to fulfill his necessary reforms. If Greece goes bankrupt, the country might decide to leave the Euro Zone.

Their withdrawl would be problematic, but no longer disastrous. Europe has gained more control over the crisis; a retreat from Greece would not mean the downfall for Europe. This led to an increased number of sources within the European Commission to speculate about a Euro Zone without Greece. The scenario of a Greek amputation is gaining in probability.

Read the full article on Mejudice.nl