Euro/Pound dive against the Yen

[justinian]

kowenicki said:

gamelover2000 said:

kowenicki said:
Dont worry, the Yen will have to be devalued soon, it has to unless Japan want to utterly screw themselves. They have to do something soon, Japans tax take this year wont even meat their own debt payments. They are effectively bankrupt too.

On Europe... expect Portugal, Spain and Italy to follow Greece soon.

It was sooooo obvious that a common monetary policy and common currency couldnt work for such different economies... especially economies propped up by inflows of european cash.

the Euro is still one of the most stable currencies ever.. FAR more stable then the GBP or USD

for now.

they may, and it has been rumpoiured they will, just kick greece out of the EU of course.

These rumours have little substance. It is not as easy as that - to give a member state the boot, I am not sure it is even possible - at least under the current circumstances.

The big question here is will the EU let Greece default on it's debt, this is very unlikely.

Greece blatantly lied so should be punished but how?

Greece is not a very important part of the greater E.U. economy.

Greece might end up dealing with the IMF?