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«AgroInvest» — News — Greece, Ireland, Spain and Portugal to leave euro zone

Greece, Ireland, Spain and Portugal to leave euro zone

2010-12-06 10:55:16

Greece, Ireland, Spain and Portugal should voluntary leave euro zone to avoid full-scale bank crisis. The American experts say, the agency reports citing RIA RosBusinessConsulting (RBC).

According to the report of the economist of the American Enterprise Institute (AEI) in Washington Desmond Lachman, these four countries will have to do this eventually as the default of any of the EU member states will cause an "infection affect" in the periphery and will finally lead to their withdrawal from the euro zone. "Debt problems of these countries have become chronic. Now, financing holds them and the whole European banking system afloat. As soon as it gets closed, they will go down and "will pull all the other states down."

 

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