Tuesday 7 February 2012

The tone of eurozone break-up talk changes

A few months ago the idea that the eurozone might break up or lose a member either through default or voluntarily was anathema. There is no legal process for leaving the eurozone but de facto departure could happen and there is nothing de jure that can prevent it.

The following articles are indicative of the new mood.

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100014648/salut-souverainistes-some-details-on-the-proposed-euro-break-up/

http://www.bbc.co.uk/news/business-16923706

http://www.telegraph.co.uk/finance/financialcrisis/9066691/Euro-can-survive-without-Greece-claim-ahead-of-key-talks.html

http://www.spiegel.de/international/europe/0,1518,813919,00.html
Time to end the Greek rescue farce.

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