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Greece Could Exit Euro if Bailout Agreement is not Signed

The latest soundbites from Greece point to a threat of Eurozone exit if the Greek Bailout Agreement is not signed. Observers note that this is intended more for the locals to show a strong government reaction to outside forces, but also to enlist their help in tightening their belts with the austerity measures that have yet to be assimilated into Greek daily life.

“The bailout agreement needs to be signed otherwise we will be out of the markets, out of the euro,” spokesman Pantelis Kapsis told Skai TV.

New measures will have to be introduced and based on the previous reactions from the population, it is not expected this moves with anything other than very vocal opposition.

BBC

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Posted under JPY at 10:53 am EDT, 05/24/2013
Posted under USD, EUR, JPY at 10:50 am EDT, 05/24/2013
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