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June 18, 2012

Comments

Andrew Smith

I simply do not believe the first sentence of this report. I do not believe the City was at all relieved or in any way affected by the weekend election news out of Greece.

The position remains uncertain and fragile as it was last week. The City still expects Greece and maybe others to leave the Eurozone and the only uncertainty is when.

The longer it is delayed, the longer it will adversely affect the real economy, but the financial markets may be able to make a bigger profit out of the uncertainty.

Malcolm Dunn

The election result was the worst of all worlds. A weak government which will struggle to implement any further austerity. The government will try to win concessions from Merkel , I hope they fail. Greece has very little chance indeed of staying in the Euro.

Malcolm D

It was always all puff and drama got up by the media in the first place. So they borrowed a bit much and did not collect taxes properly. This is the story of English kings down to the 19th century. A little election and the supposed crisis (that never was) has gone. It just goes to show the desperation - which will be unrealised - the right wing (to use DC's phrase 'fruitcakes') has to sink to to pretend to themselves that the Euro will collapse and the Eurozone is in crisis. As an FT editorial pointed out recently the supposed Greek crisis is just an excuse by DC, Gideon and others to pretend that their failing - double dip recession - economic policy in Britain is due to 'outside' forces. Nonsense. How much do we sell to Greece? Greece is the size of London at a tiny 9 million population. The notion that a debt crisis in a tiny 9 million country could bring down the Euro is a fantasy fevered up by UKIP fruitcakes and rightwing Tory loons

CDR

"....The notion that a debt crisis in a tiny 9 million country could bring down the Euro is a fantasy fevered up by UKIP fruitcakes and rightwing Tory loons"

For the want of a nail, a shoe was lost, for the want of a shoe a horse was lost..... those who know the rest of the rhyme will understand.

kim

This whole situation is just a big mess. It is no wonder the elections did not calm the other EU nations. Not even the US is buying this new change. There has been too much talk and little to no actions.

binary options strategy

Greece together with the other mediterranean european nations as well as France wish to see the debt taken in charge by the whole European Community but Angela Merket is strongly against this procedure.

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