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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (568803)	5/29/2010 12:20:07 PM
From: tejek	Read Replies (1) \| Respond to of 1578978

"They have the power to tank the Euro, despite Greece being one of the smaller nations in the Euro group." Not directly. What they have done is call into question the ability of the EU as currently constituted to actually work. That is what is tanking the Euro, the uncertainty. And the fear that Greece's problems will spread to the rest of the PIIGS.

To: combjelly who wrote (568803)	5/29/2010 12:37:59 PM
From: Tenchusatsu	1 Recommendation Respond to of 1578978

CJ, > Do you honestly think the only way to enforce something like that is with riot police? It's an exaggeration meant to make a point. Honestly I have no idea whether the Greeks are willing to accept austerity measures. You would think they have no choice, but with the way many of them have been rioting in the streets, it seems like they'd rather throw temper tantrums and carp about corruption in government and financial institutions. It makes me wonder whether there even will be a workable austerity plan. > Not directly. What they have done is call into question the ability of the EU as currently constituted to actually work. That is what is tanking the Euro, the uncertainty. Either way, they essentially have the power to tank the Euro, even if all they're doing is exposing the weakness. Tenchusatsu