Monday, May 3, 2010

Giving Greece the Boot

I was listening to Maria Bartiromo's show, The Closing Bell, on CNBC a few minutes ago. She had on as guests two experts on international finance. Maria asked them whether Greece should be kicked out of the Euro zone, they both said "Yes" in unison.

One then added that the EU currently has no mechanism by which to do this, and needs to get such a mechanism ASAP. There followed talk of other members of the P.I.I.G.S. group needing bailouts as well, most likely beginning with Portugal. These are serious happenings across the pond.

I daresay you could access their conversation on the CNBC website.