When will Greece leave the Euro? | Currency Futures


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When will Greece leave the Euro?

  #13 (permalink)

Germany
 
Trading Experience: Intermediate
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ELA running out

Without a new application for EU/ECB/IMF money by 16th of February
and renewed covenants, Greece virtually will be out of EMU
as soon as the 60b of Emergency Liquidity Assistance of the ECB run out.
From then on, you can count down to the default of Greece in days.

But I still can't believe that the Greeks will take a chance on cleaning their
legendary Augean stables on their own ...

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