General Information

How would a Greek collapse affect Australia?

by mark on May 15, 2012

in General Information

How would a Greek collapse affect Australia?

Only a few weeks ago European leaders were adamant that the situation in Greece had been tackled and was under control. The focus then left Greece to move to Spain where economic difficulties and austerity measures are certainly grabbing the headlines. However, over the last few days we have seen turmoil in financial markets with Greece said to be on the verge of leaving the Eurozone and dumping the euro. So how would this affect Australia and the rest of the world?

Uncharted territory

The simple fact is that while there were many agreements and many conditions upon entering the Eurozone at this point in time there are no exit measures available. We are literally sailing towards uncharted territory with a possible Greek exit from Europe and the Eurozone and nobody is quite sure about the financial implications of this. [click to continue…]

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