Absurd to talk of Greece leaving euro-ECB's Trichet

[AtW]

The US has control over its burden.

You call that huge US debt as "controlled"? I sure hope we'll never see it being uncontrolled then!!!

A proper example would be California in USA that lost (like Greece) control over it's debt - bigger federal entity (USA and EU) help deal with this problem. If either were outside of such bigger entities then they'd go bust.

UK is outside.

HTH

[Doggy Styles]

The US has control over its 'burden'.

Germany (and the rest of the 'team') don't.

[AtW]

Presumably you mean Germany?

EU GDP: US $14.91 trillion (2006)
Germany GDP: US $3.65 Trillion (current prices - 2008)

That's 25% of total EU GDP, other members will bear burden - that's the whole point of being in the same team.

[BrilloPad]

Ye can't buck the markets - Greece will probably stay in the Euro but someone will have to pay.

Presumably you mean Germany?

[AtW]

He runs the bank that buys (for euros) debt of euro members, his words have more than notional value.

[Mich the Tester]

What do you expect him to say? Maybe something like "I said, 'Oi, Zorba, you better buck your ideas up me lad-o or we're gonna kick you out'"?

They might do better if they made wine that tastes of grapes instead of mouldy resin. Someone might start buying it.

[Doggy Styles]

Asked how realistic he thought talk of Greece or any other member of the 16-strong club being pushed out of the euro or leaving the euro, Trichet told a news conference:

"I do not comment myself on absurd hypotheses, so that would be my response."

I would not expect someone in his position to say anything else.

[HairyArsedBloke]

What do you expect him to say? Maybe something like "I said, 'Oi, Zorba, you better buck your ideas up me lad-o or we're gonna kick you out'"?

[BlasterBates]

yup...and that looks like errr well Greece actually.

[sasguru]

Ye can't buck the markets - Greece will probably stay in the Euro but someone will have to pay.

[AtW]

Asked how realistic he thought talk of Greece or any other member of the 16-strong club being pushed out of the euro or leaving the euro, Trichet told a news conference:

"I do not comment myself on absurd hypotheses, so that would be my response."

More: http://www.reuters.com/article/idUSLDE60D0V820100114