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View Full Version : History Offers Ugly Precedent for Greek Euro Exit - Bloomberg



NewsWhore
06-01-2012, 04:00 PM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFuCCqkJWjq99b0pHYhJEqc-ioAUg&url=http://www.bloomberg.com/news/2012-06-01/history-offers-ugly-precedent-for-greek-euro-exit.html)


History Offers Ugly Precedent for Greek Euro Exit (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFuCCqkJWjq99b0pHYhJEqc-ioAUg&url=http://www.bloomberg.com/news/2012-06-01/history-offers-ugly-precedent-for-greek-euro-exit.html)
Bloomberg
When the world economy began to decline in 1929, Greek exports dwindled, creating an acute imbalance -- more foreign currency left Greece through the purchase of imports than came in through the sale of exports, draining the currency reserves of the ...

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