With the Greek default and liquidity crisis changing by the day and the likelihood of an exit from the Euro, Eurozone countries are counting the cost of their exposure, with Finland reckoned to potentially lose €2.7 billion.
| UPDATED: 13:25, Mon, Jan 25, 2021
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The leader of left-wing Greek party MeRA25 launched a new campaign aimed at the dismantlement of corrupt eurozone policies imposed by Brussels on member states. In a post on his party s website, the former Greece Finance Minister under the Syriza Government lashed out against the great powers of the EU who he claimed forced his country s economy to collapse.
on the other hand, they re saying this is the cautionary tale. many europeans say this will actually strengthen the eu, because we talk about a grexit and frexit and every conceivable version of that. but looking at how hard it is and what it s doing to business confidence actually means it s strengthening the rest of the eu. on the other hand, it s a terrible thing because the eu will be weaker without britain. and just watching a country self-destruct. ian, distinguished scholar wrote this in the fd. at the end of the day, they cannot leave, the economic logic is too compelling. and you will end up with a norway-type situation where there is some association with europe. they will accept most of the rules. bizarrely, they won t have a vote. it s a slightly worst deal for britain but life will go on.