Monday, June 11, 2012

What could happen next if Greece leaves the eurozone?


  • Introduction
    There is more and more speculation that Greece is about to leave the euro. The country has been unable to form a government, and new elections seem set to give power to parties that reject the spending cuts that have been agreed with other eurozone governments and the International Monetary Fund. 
    But without those spending cuts, the Greek government will receive no more bailout loans, it won't have the money to pay its debts, the Greek banks will probably go bust, and the European Central Bank may be forced to cut Greece loose from the single currency. What would this mean for Greece and the rest of Europe?
    Click on the labels on the graphic to read more about some of the possible consequences.

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