Paul Krugman: Greece Euro exit possible next month, end of the euro in the next months?

[Kasz216]

Mr Khan said:

Kasz216 said:
I don't think it'll happen in June.

Even if the socialist/communist guy wins it'll take time.

Kicking it out would take time.


Outside that it's very possible, though unlike Krugman i don't hold the sunshine and puppydogs outlook that it will solve greece's problems right away and be better off then the current austerity.

What someone noted is that an announcement of Greece's withdrawal from the Euro would do quite a bit of damage to the currency, as it would prompt a run on the banks for Greeks to get as many stable Euros as they could before flopping off into the comparative unknown that would be the new drachma, straining overstretched banks in other Eurozone countries.

It is funny.  For all the talk in the US about the banks needing more regulations and stricter holding requirements and the like....

Europe is about a dozen times less that.