Posted on 08/25/2012 2:17:09 PM PDT by Lorianne
Market News International is reporting that the German Finance Ministry may ask Greece to exit the euro "temporarily" while it straightens out its finances.
From MNI, citing unnamed "senior eurozone officials" as sources:
The officials said that in the view of German Finance Ministry officials mulling the plan, it is now the most likely scenario. But it is not a done deal. There is strong opposition to such a plan among some key European officials, and no decision is likely at least until the end of the year.
“It is another working scenario which is not new but has emerged in the past month as the most likely outcome for the German finance ministry,” one of the officials said. “There is a team under [German Finance Minister] Wolfgang Schaeuble that believes Greece’s public finances will need many years to return to acceptable levels.”
(Excerpt) Read more at businessinsider.com ...
Thus the Eurozone begins its inevitable implosion...
“Temporary Divorce.”
Sounds messy.
And total crap.
Ummmm.....this won’t be very easy and most of all not practical. They are only extending and worsening their demise IMO.
Gold will be reaching a new high soon!
Well then can we ask China to ‘temporarily” exit the WTO? Or at least suspend their MFN?
Germany puts the gun to Greece’s head and tells Greece it
is going to pull the trigger but don’t worry it will only
be temporary
“Punishment.”
Exactly.
First time I've seen this mentioned.
And it confirms a thesis I've been pushing here at FR for months.....
If the endgame is default, why bother switching to the Drachma?
Might as well go broke with Euros in your pocket.
This is the solution for Greece.....
(1) Stay in the Euro.
(2) 100% default on all government debt.
(3) Issue short term, high interest, Euro denominated debt to keep Greek banks solvent and the Greek government paying its bills.
That’s a hot one!! Did you hear the one about the temporary tax? How about the temporary toll booth? BWAHAHAHAHAHA!!
Ah, Greece, having blown hundreds of billions into the deep blue Aegean Sea, is the victim here. OK.
kinda like getting sent down to the minors...
Nope, Greece is not the victim. They should be turned loose.What strikes me odd is the kabuki dance in unloading them.
Temp divorce? Who gets the kids??
A trial separation.
temporary exit is switching back to drahma... then switching back to euro, with a different exchange rate... The accurate term for this may be *devaluation*.
Right you are. Go on with the inevitable already.
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