Greek deal reached ...

[eek]

Has a deal been reached? The Greeks agreed to what they have been asked to do but now the euro want more cuts made

Greeks approve 'tombstone' austerity deal with troika - Telegraph

The sooner someone stops this fiasco and just allows Greece to default and leave the euro the better.

[petergriffin]

And why is that, Oh great economics guru?

Allright, goodloking: assuming Greece goes completely bust, the total burden for states, goverments, banks and insurance companies involved would be around 40 billion euros (source: ze germanz). Nothing compared to the ever-growing and unstoppable hole in UK budget.

Plus let me add this, as long as Obama is US President, the Euro is safe.

[sasguru]

Allright, goodloking: assuming Greece goes completely bust, the total burden for states, goverments, banks and insurance companies involved would be around 40 billion euros (source: ze germanz). Nothing compared to the ever-growing and unstoppable hole in UK budget.

Plus let me add this, as long as Obama is US President, the Euro is safe.

And how does this relate to the BofE's QE?