|
Re: AlcaLu Lands $1B+ Deals
in China
Tough to know when Greece is going to exit the Euro.
I believe that Europeans have been buying time to kick Greece
out. However, they will only do so when there is at least
some sort of safety net (an oxymoron if there ever was one, but the
closest I can come up with to explain my thoughts). The
banks' exposure has been diminished since a significant portion of
the debt on their balance sheets has been transferred to the IMF
and other European public organizations. As I understand it,
this means that the hit will be spread about to the entire Euro
zone, i.e. citizens of the euro countries.
IMO, Greece is on the way out, I have no doubt, the question is
when not if.
|
|