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Greece's exit from the Euro is looking more and more likely with each passing mini-crisis in the Euro area.

To me, it's like watching a train crash in slow motion - and I predict it will get very, very ugly.

Does anyone think Greece won't exit the Euro??

Cheers,
Shafique

Even if they wished I think it technically would be diffucult. Is there any mechanism to leave Euro without exiting from the eurozone? I think the Maastricht treaty doesn't foresee an exit without exiting the EU. LOL

Maastricht didn't allow for any bailouts either.. that didn't stop the many recent bailouts (the first to receive was Greece).

Technically it won't be difficult to abandon the Euro - but the complications are many. Whether they could stay in the EU is a big question - and certainly it is a real possibility that they'd have to leave. However, Britain is in the EU and not part of the Euro-zone...

My money is on an exit. I've no idea what the consequences will be though (of the many scenarios out there).

Cheers,
Shafique

I think signing masstricht treaty is an economic completion of political integrity for getting to be a union state .Countries that have not joined monetary union is probably on the status of federal cooperation based on being in the same region(neighbouring). So once you integrated monetarily then you can be bailed out in the sense of being one state as political integration completed, otherwise like UK and few other European states you can decide how far you want to take integration process/steps in the way of becoming "one state" union.. . In this case I wonder if those countries who have not joined monetary union(economic integration) can stay away from bailing out countries like Greece?