Cyprus-Forum.com

[denizaksulu]

http://www.bbc.co.uk/news/business-13317770

Euro falls on rumours Greece is to quit the eurozone
COMMENTS (3)

Greece has vigorously denied rumours that it is has raised the idea of quitting the euro
The euro has fallen by more than 1% against the dollar, following a report that Greece had raised the possibility of leaving the single currency.

German magazine Der Spiegel said eurozone finance ministers were holding a crisis meeting in Luxembourg.

The report has been denied vigorously by eurozone countries, including Greece and Germany.

However, the BBC has learned that ministers from four eurozone countries are indeed meeting in Luxembourg.

The countries - France, Germany, Finland and Netherlands - are said to be discussing EU issues, including the financial situation of Portugal, Ireland and Greece.

"The report about Greece leaving the eurozone is untrue," the Greek deputy finance minister Filippos Sachinidis told Reuters.

"Such reports undermine Greece and the euro and serve market speculation games."

Denials
At 18.30 GMT the euro was worth $1.44.

A source told Reuters that some EU ministers were meeting in Luxembourg on Friday to review issues such as Portugal, Greece and European Central Bank leadership, "but nothing more".

German Finance Minister Wolfgang Schaeuble and his deputy Joerg Asmussen were at the meeting, according to Reuters.

But the head of the Eurogroup, Luxembourg Prime Minister Jean-Claude Juncker, has denied that crisis eurozone talks were being staged that could see Greece exit the euro, his spokesman told AFP.

"This information is totally false," his spokesman Guy Schueller told AFP.

"There is no Eurogroup meeting taking place or planned this weekend," Mr Schueller underlined.

Bailout
Almost a year ago to the day, Greece accepted a multi-billion euro bailout to finance its huge deficit.

The 110bn-euro ($136bn; £94bn) loan was designed to prevent Greece from defaulting on its massive debt.

[Sotos]

Euro falls on rumours Greece is to quit the eurozone

It will not happen, but I hope the rumor continues for some more days because I have several cheques in US dollars that I did not deposit because the exchange rate sucks right now. The dollar has been falling since January!

[Cap]

Dunno, this rumor goes around about once a month.

[Sotos]

Euro falls on rumours Greece is to quit the eurozone

It will not happen, but I hope the rumor continues for some more days because I have several cheques in US dollars that I did not deposit because the exchange rate sucks right now. The dollar has been falling since January!

The image I posted seems to auto-update Dollar started going up ... maybe is time to cash those cheques before it starts going down again ... or maybe I should wait a bit more? Any predictions?

[kurupetos]

Only a war against Turkey can save Greece. I can provide the WMD at reasonable prices.

[Kikapu]

Euro falls on rumours Greece is to quit the eurozone

It will not happen, but I hope the rumor continues for some more days because I have several cheques in US dollars that I did not deposit because the exchange rate sucks right now. The dollar has been falling since January!

The image I posted seems to auto-update Dollar started going up ... maybe is time to cash those cheques before it starts going down again ... or maybe I should wait a bit more? Any predictions?

The dollar is doomed for the foreseeable future. Few more years and I will be able to afford to buy that dream home in Florida Key-West for about 100 Swiss Francs.

[Sotos]

The dollar is doomed for the foreseeable future.

Why is that?

[supporttheunderdog]

Only a war against Turkey can save Greece. I can provide the WMD at reasonable prices.

That is one of the most ludicrous statements I have ever read!

Greece is already in the sh*tter and you want to pull the chain......

War is a very costly buisiness - the British National debt started in the time of the French Revolutionary/Napolionic wars and the British Government has just finished paying of the last of some bonds used to raise money to Fund World War 2 while they are still (notionally) paying for World War 1.

Quite simply Greece cannot afford a war with Turkey - apart from the fact they could end up loosing a lot of Aegean Islands in the process.

[supporttheunderdog]

Euro falls on rumours Greece is to quit the eurozone

It will not happen, but I hope the rumor continues for some more days because I have several cheques in US dollars that I did not deposit because the exchange rate sucks right now. The dollar has been falling since January!

The image I posted seems to auto-update Dollar started going up ... maybe is time to cash those cheques before it starts going down again ... or maybe I should wait a bit more? Any predictions?

The dollar is doomed for the foreseeable future. Few more years and I will be able to afford to buy that dream home in Florida Key-West for about 100 Swiss Francs.

This is quite an astute observation - the US economy is not in a good shape as it has been running on debt for years and it too will have to poay those debts off sooner or later. That could be painful.

[supporttheunderdog]

Euro falls on rumours Greece is to quit the eurozone

It will not happen, but I hope the rumor continues for some more days because I have several cheques in US dollars that I did not deposit because the exchange rate sucks right now. The dollar has been falling since January!

The image I posted seems to auto-update Dollar started going up ... maybe is time to cash those cheques before it starts going down again ... or maybe I should wait a bit more? Any predictions?

The dollar is doomed for the foreseeable future. Few more years and I will be able to afford to buy that dream home in Florida Key-West for about 100 Swiss Francs.

This is quite an astute observation - the US economy is not in a good shape as it has been running on debt for years and (like Greece) it too will have to poay those debts off sooner or later. That could be painful.