singular_me
1st March 2015, 09:44 PM
sarcasam: I wonder how he knows this?
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Greenspan says shattering of European Union will begin with imminent Greek implosion
Sunday 1st March 2015
‘The former chief of the U.S. Federal Reserve says it is just a matter of time before the European Union implodes, along with its currency, following what he believes will be a “Grexit” — a Greek exit — from the EU.
In a recent interview with the BBC, former Fed Chairman Alan Greenspan said he did not see a scenario in which the EU or its lending institutions, including its own central bank, would risk loaning the economically struggling nation more money, especially after its new far-left leadership came to power vowing to scrap current austerity measures called for in a previous loan package.’
http://www.naturalnews.com/048792_European_Union_Greece_Alan_Greenspan.html
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8 February 2015 Last updated at 13:50 ET
Greece: Greenspan predicts exit from euro inevitable
http://www.bbc.com/news/business-31249907
Greek finance minister says euro will collapse if Greece exits
feb 8, 2015
Reuters) - If Greece is forced out of the euro zone, other countries will inevitably follow and the currency bloc will collapse, Greek Finance Minister Yanis Varoufakis said on Sunday, in comments which drew a rebuke from Italy.
Greece's new leftist government is trying to re-negotiate its debt repayments and has begun to roll back austerity policies agreed with its international creditors.
In an interview with Italian state television network RAI, Varoufakis said Greece's debt problems must be solved as part of a rejection of austerity policies for the euro zone as a whole. He called for a massive "new deal" investment program funded by the European Investment Bank.
"The euro is fragile, it's like building a castle of cards, if you take out the Greek card the others will collapse." Varoufakis said according to an Italian transcript of the interview released by RAI ahead of broadcast.
The euro zone faces a risk of fragmentation and "de-construction" unless it faces up to the fact that Greece, and not only Greece, is unable to pay back its debt under the current terms, Varoufakis said.
"I would warn anyone who is considering strategically amputating Greece from Europe because this is very dangerous," he said. "Who will be next after us? Portugal? What will happen when Italy discovers it is impossible to remain inside the straitjacket of austerity?
http://www.reuters.com/article/2015/02/08/us-eurozone-greece-varoufakis-idUSKBN0LC0QO20150208
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Greece will leave euro, and the currency will collapse, predicts Alan Greenspan
Ben Marlow and Peter Spence, The Telegraph | February 9, 2015
The former chairman of the U.S. Federal Reserve, Alan Greenspan, has predicted that Greece will be forced to exit the euro, as its new prime minister outlined plans last night to keep the debt-stricken country financially afloat.
In a bleak assessment of Europe’s future, Greenspan, one of the most influential policymakers of modern times, said it was “just a matter of time” before Greece dropped out, triggering the eventual collapse of the single currency.
His stark comments came just hours before Greek prime minister Alexis Tsipras told parliament he would on Wednesday ask fellow eurozone members in Brussels for an emergency short-term bridging loan, to allow Athens more time to negotiate a new debt deal.
“The bail-out failed,” he said. “The new government is not justified in asking for an extension… because it cannot ask for an extension of mistakes.”
Mr. Tsipras’s Left-wing Syriza party swept to power last month on a pledge to renegotiate the terms of Greece’s 240 billion euro bail-out deal with the EU and International Monetary Fund five years ago. The financially-ruined nation has struggled under repeated rounds of austerity that have pushed unemployment up to 25%, compared with the eurozone average of 11.5%.
With funds expiring at the end of February, time is running out for Athens. Greece must make $25 billion of debt repayments this year. Mr. Tsipras is pushing for a short-term financial fix enabling the country to pay its way while talks continue.
However, the new prime minister has a fight on his hands, with EU officials so far rejecting his efforts to renegotiate terms.
http://business.financialpost.com/2015/02/09/greece-will-leave-euro-and-the-currency-will-collapse-predicts-alan-greenspan/
-------------------------------
Greenspan says shattering of European Union will begin with imminent Greek implosion
Sunday 1st March 2015
‘The former chief of the U.S. Federal Reserve says it is just a matter of time before the European Union implodes, along with its currency, following what he believes will be a “Grexit” — a Greek exit — from the EU.
In a recent interview with the BBC, former Fed Chairman Alan Greenspan said he did not see a scenario in which the EU or its lending institutions, including its own central bank, would risk loaning the economically struggling nation more money, especially after its new far-left leadership came to power vowing to scrap current austerity measures called for in a previous loan package.’
http://www.naturalnews.com/048792_European_Union_Greece_Alan_Greenspan.html
------------------------
8 February 2015 Last updated at 13:50 ET
Greece: Greenspan predicts exit from euro inevitable
http://www.bbc.com/news/business-31249907
Greek finance minister says euro will collapse if Greece exits
feb 8, 2015
Reuters) - If Greece is forced out of the euro zone, other countries will inevitably follow and the currency bloc will collapse, Greek Finance Minister Yanis Varoufakis said on Sunday, in comments which drew a rebuke from Italy.
Greece's new leftist government is trying to re-negotiate its debt repayments and has begun to roll back austerity policies agreed with its international creditors.
In an interview with Italian state television network RAI, Varoufakis said Greece's debt problems must be solved as part of a rejection of austerity policies for the euro zone as a whole. He called for a massive "new deal" investment program funded by the European Investment Bank.
"The euro is fragile, it's like building a castle of cards, if you take out the Greek card the others will collapse." Varoufakis said according to an Italian transcript of the interview released by RAI ahead of broadcast.
The euro zone faces a risk of fragmentation and "de-construction" unless it faces up to the fact that Greece, and not only Greece, is unable to pay back its debt under the current terms, Varoufakis said.
"I would warn anyone who is considering strategically amputating Greece from Europe because this is very dangerous," he said. "Who will be next after us? Portugal? What will happen when Italy discovers it is impossible to remain inside the straitjacket of austerity?
http://www.reuters.com/article/2015/02/08/us-eurozone-greece-varoufakis-idUSKBN0LC0QO20150208
-----------------------
Greece will leave euro, and the currency will collapse, predicts Alan Greenspan
Ben Marlow and Peter Spence, The Telegraph | February 9, 2015
The former chairman of the U.S. Federal Reserve, Alan Greenspan, has predicted that Greece will be forced to exit the euro, as its new prime minister outlined plans last night to keep the debt-stricken country financially afloat.
In a bleak assessment of Europe’s future, Greenspan, one of the most influential policymakers of modern times, said it was “just a matter of time” before Greece dropped out, triggering the eventual collapse of the single currency.
His stark comments came just hours before Greek prime minister Alexis Tsipras told parliament he would on Wednesday ask fellow eurozone members in Brussels for an emergency short-term bridging loan, to allow Athens more time to negotiate a new debt deal.
“The bail-out failed,” he said. “The new government is not justified in asking for an extension… because it cannot ask for an extension of mistakes.”
Mr. Tsipras’s Left-wing Syriza party swept to power last month on a pledge to renegotiate the terms of Greece’s 240 billion euro bail-out deal with the EU and International Monetary Fund five years ago. The financially-ruined nation has struggled under repeated rounds of austerity that have pushed unemployment up to 25%, compared with the eurozone average of 11.5%.
With funds expiring at the end of February, time is running out for Athens. Greece must make $25 billion of debt repayments this year. Mr. Tsipras is pushing for a short-term financial fix enabling the country to pay its way while talks continue.
However, the new prime minister has a fight on his hands, with EU officials so far rejecting his efforts to renegotiate terms.
http://business.financialpost.com/2015/02/09/greece-will-leave-euro-and-the-currency-will-collapse-predicts-alan-greenspan/