Thursday, April 02, 2015

Here comes the Grexit

I think I predicted this a couple months ago.  Telegraph: "Greece draws up drachma plans, prepares to miss IMF payment."  And in case there was a question whether to withdraw all your money from Greek banks: "Greece is drawing up drastic plans to nationalise the country's banking system and introduce a parallel currency to pay bills unless the eurozone takes steps to defuse the simmering crisis and soften its demands."

Warren Buffett says it won't be so bad for Europe.

1 comment:

Anonymous said...

Greece will repay a loan tranche to the IMF on time on April 9, its deputy finance minister said on Friday, seeking to quell fears of default after a flurry of contradictory statements on the issue in recent days.