GREECE’S unresolved election in May has left the country in limbo with their euros draining away while the various parties prepare for the next election on Sunday.
The result might be one party in a majority either in favour of more austerity or not; it is generally accepted that in any case Greece will not be able to make the required repayments on its present loan.
A non-repayment of the loan is likely to mean Greece could not receive another loan and would either leave the Eurozone or remain, in effect, a bankrupt member.
The Greeks have already demonstrated their anger at the present austerity thrust upon them. If their problems become even worse, which is highly likely, anarchy is a strong possibility.
The effect on the rest of the Eurozone will be an unknown quantity but to be seriously considered.
J Beisly, Osprey Close, York.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel