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According to JC Juncker Greek Exit from Euro is Manageable

By Jacob Lender Subscribe to RSS | August 9th 2012 | Views:
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Jean-Claude Juncker, who is the leader of the group of the finance ministers of the countries of the euro zone, has to say that the world can cope-up with the exit of Greece from the euro-zone – but in spite of this thing there is still a little danger. A departure of Greece from the euro zone is going to be manageable, this is what the top Brussels policy-maker had to say, where the figures showed that the major economies are involved in a painful slowdown.

JC Juncker who is the prime minister Luxembourg and leads the finance ministers group of the euro-zone, day before yesterday had addressed the prospect of that the exit of Greece from the currency bloc where it is going to be the very first country if this kind of a move is done.

He was of the view that from the perspective today, it will be very much manageable but that does not at all mean that such kind of a move is desirable. And this is so as there is going be significant risks, especially for the ordinary people of the country as their future might not be safe. When questioned that if he can rule out the exit of Greece from the euro zone, he had to say that he will be trying to do so at least until and unless the end of the autumn season comes in & even after that also.

Such of his comments to a broadcaster of Germany will be raising the expectations that Brussels now is braced for Greece to abandon the shared currency which was amongst them. Almost two bail-out agreements have failed to turn around the ailing economy of the country as well as its austerity programme was not able to do much on which its international aid injections hinged, are also now losing their complete track. Need money in this tough crises time then apply with text loans @ http://www.textloanlenders.org.uk/text-loans.html & get quick cash aid via best text loan lenders @ http://www.textloanlenders.org.uk/ now.

Standard & Poor's on Tuesday of the past week had got down its outlook on Greece to negative due to fears that the country will be fail to meet the targets of deficit that it had set. Separate data from the bigger economies of the euro-zone also gave a confirmation that the headwinds facing the region. The economy of Italy had shrunk by 0.7 per cent in the second quarter of the year 2012, marking a year of recession in the country; this is what the official figures showed to all.

Jacob Lender - About Author:
Jacob Lender is an expert financial adviser. He writes articles on payday text loans & instant text loans for more visit site: - http://www.textloanlenders.org.uk/

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