Greenspan forecasts the end of the Euro
Adam Pike, News Editor
9 Feb 2015, 12:40 p.m.
Former head of the U.S Central Bank, Alan Greenspan, is forecasting Greece will exit the Eurozone. The former central banker told the BBC that Greece will be unsuccessfully in renegotiating its bailout and will eventually leave the Eurozone. Greenspan believes the euro can’t survive unless all euro members are politically and financially integrated.
Following Syriza’s election win Greek ministers have been travelling around Europe in an attempt to renegotiate the terms of its bailout. However, there seems to be little support from European leaders or the European Central bank to alter the terms.
Over the weekend UK Chancellor, George Osborne, warned the stalemate between the EU and Greece is causing instability in the financial markets. Should Greece exit the shockwaves would be felt across the globe.
These latest comments come only months after Greenspan said “Gold is currency, no fiat currency, including the dollar, can’t match it. It appears central bankers are only free to speak their mind until they have left office.