German minister tells Greece to exit eurozone

Doc Ruby · 26-02-2012 10:52am

SugarCoat wrote: »

Lars Christensen, chief emerging markets economist at Danske Bank in Copenhagen, was quoted saying, “You could safely say that Iceland holds the world record in household debt relief. Iceland followed the textbook example of what is required in a crisis. Any economist would agree with that.”

Fitch Ratings just last week also conceded that Iceland’s approach has worked, raising the country’s rating to investment grade with a stable outlook. At the time it said that Iceland’s “unorthodox crisis policy response has succeeded.”

Some cognitive dissonance there lads. As far as I'm aware, Iceland did exactly what has always been done. Its eurozone countries that are pulling the unorthodox moves.

unseen · 26-02-2012 9:55pm

Seanchai wrote: »

Y
The Greeks lied. The Greeks entered the Eurozone fraudulently. They should be expelled from the club now that they have been discovered. Key aspects of their culture, like that of the Italians, are distinctly unsuited to fiscal rectitude and generating legitimate, taxable wealth.

So what is your opinion about this?
http://www.bloomberg.com/news/2011-09-23/germany-has-5-trillion-euros-of-hidden-debt-handelsblatt-says.html