Fitch Analyses Greece’s Euro Exit

[Delenda Carthago]

Greece’s hypothetical exit from the euro zone would have a major impact on companies throughout Europe. The consequences of an exit could vary greatly, depending on how efficiently it’s carried out. Rating agency Fitch analysed two of the possible scenarios.

[ВАЛТЕР]

I really believe that if Greece manages to exit the Euro Zone by means of a leftist revolution it could be a huge moral boost for the other nations of Europe which face austerity measures such as Spain and Portugal. If carried out properly, a revolution in Greece may be a huge moral boost for the working class of Europe and may set the stage for future upheaval.

[Delenda Carthago]

I really believe that if Greece manages to exit the Euro Zone by means of a leftist revolution it could be a huge moral boost for the other nations of Europe which face austerity measures such as Spain and Portugal. If carried out properly, a revolution in Greece may be a huge moral boost for the working class of Europe and may set the stage for future upheaval.

I hope by "leftist revolution" you are not reffering to SYRIZA, right?

[ВАЛТЕР]

I hope by "leftist revolution" you are not reffering to SYRIZA, right?

I said "revolution", not reform.

SYRIZA is about as radical as CPUSA. :P

[Tim Cornelis]

I really believe that if Greece manages to exit the Euro Zone by means of a leftist revolution it could be a huge moral boost for the other nations of Europe which face austerity measures such as Spain and Portugal. If carried out properly, a revolution in Greece may be a huge moral boost for the working class of Europe and may set the stage for future upheaval.

Obviously, but a leftist revolution isn't going to happen any time soon. At least not prior to a Eurozone exit of Greece. Should it happen though, it is indeed likely to spread to Spain, Italy, Portugal, followed by France, perhaps even Ireland. But that's a fantasy, imo.

[Luís Henrique]

Greece’s hypothetical exit from the euro zone would have a major impact on companies throughout Europe. The consequences of an exit could vary greatly, depending on how efficiently it’s carried out. Rating agency Fitch analysed two of the possible scenarios.

Thanks for the link.

We should notice that this is a paper by a rating agency; in short, they are telling us what they will do in the case Greece leaves, or is expelled, from the Eurozone. Which is to mean, whose ratings they would lower, and how much. And that means essentially, they are telling us what they would like to happen, concerning Greece and Europe. And what they are saying is that they prefer an "orderly" exit than a "disorderly" exit. They actually don't explain the difference, but it gets me thinking that what they are suggesting is that the EU takes the initiative of kicking Greece away before it exits on its own, or that it gets so troubled that decision comes out as simply inevitable.

If so, they are telling Frau Merkel that she is being too tolerant and compassionate towards Greece. They would like to see the circus catching on fire... though of course in an "orderly" way (probably meaning with organised queues to the exit, where their costumers are in the first places...)

Luís Henrique

[ckaihatsu]

Greece’s hypothetical exit from the euro zone would have a major impact on companies throughout Europe. The consequences of an exit could vary greatly, depending on how efficiently it’s carried out. Rating agency Fitch analysed two of the possible scenarios.

This is less of a *news* article -- or even an *analysis* -- and really is more of a wet-dream fantasyland wish-list. Whoever authored it *should* have started it with, "Hey, wouldn't it be great if...".

It should be obvious to us that the bourgeoisie is having a profound, prolonged "oh shit" moment, and the *best* they can do right now is to *hope* that the damage is limited to Greece, or to Spain, Italy, Portugal, and Ireland. We'll get to see how good their imaginations are in the months to come as more of these letters to Santa Claus are issued....