What Impact Will A "grexit" Have On The Uk?

[ToraToraTora]

http://www.bbc.com/news/business-31297809
Looks like it's a serious possibility that the bubbles will be leaving the Euro, what effect will this have on the UK? I suggest minimal but it may well start a domino effect in the Eurozone.

[Brenden]

The walls will come tumbling down TTT, bloc countries have never worked.

[Peter Pedant]

3T

big waves - altho it seems inevitable

Stiglitz - a nobel prize winner in this - says the problem is bankruptcy and you dont 'treat' that by lending more money

if it were a cash-flow problem then lending more money would be an issue

In terms of a domino effect - Spain and pOrtugal and poss Italy would follow and the whole idea of a common currency goes up the chute

[Gromit]

The Greeks won't leave the €urozone.

Not in a million years.

[jim360]

Presumably, not a grgreat one.

[ichkeria]

Will Greece leave the Eurozone?
Not of their own accord. Therefore almost certainly never.
They'd be better suited to a dose of Putin's "Customs Union" though

[ToraToraTora]

"The Greeks won't leave the €urozone. " correct, they'll be forced out.

[youngmafbog]

//The Greeks won't leave the €urozone. //

Perhaps we should get the opinions of a few twist and shouts, I think you will find their tolerance is now really stretched.

Last time they had their hands tied, this time the Eurozone is better placed. Banks and large corporations have written a lot of the debt of their books and are also in their Technology to be able to remove the Bubbles.

It may not happen but at this point in time I would not put money on them stopping.

As for the UK, we will get a ripple but not much more. UK (and EU) tourists will probably enjoy cheap Greek hols again though.

[Gromit]

Ymb

The ECB has just magiced €1.2trillion to buy toxic national debts in the Eurozone. Germany will be the biggest beneficery with over 25% of the money going to them. (Greece get next to nothing by the way).

After this huge handout, the Germans will have some wriggle room to reschedule Greece's loans.

[Gromit]

If the ECB QE is €1trillion, Greece will get €16billion.

[Brenden]

Who made Germany leaders of the EU, because that is how it appears to me.

[hc4361]

Bubbles?