Thread: Societe Generale Sees Euro Breakup? Last Chance For Greece

Monday, February 15, 2010

Issing says "Last Chance For Greece"

The spotlight continues to shine on Greece, yet the picture remains shrouded in fog with former ECB chief economist preaching “This is a big chance - probably the last for Greece".

Please consider Greek Bailout Would Deal ‘Major Blow’ to Euro, Issing Say.
http://www.bloomberg.com/apps/news?pid= ... 7DIM&pos=4

Former European Central Bank Chief Economist Otmar Issing said bailing out Greece would deal a “major blowâ€

French Bank: Euro Collapse 'Inevitable'

Monday, 15 Feb 2010 02:48 PM
By: Greg Brown

The euro, already under pressure, came under renewed attack Monday as a French bank speculated that the currency union would inevitably collapse.

Meanwhile, a former chief economist of the European Central Bank warned that a bailout for member country Greece could damage the euro's credibility.

Société Générale strategist Albert Edwards warned investors that any help given to Greece merely “delays the inevitable break-up of the euro zone,â€