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Europe Update: Greece Leaving Eurozone Still An Option
Citing two sources close to Greek Prime Minister Papademos, the International Trade Examiner reported Friday that that Greece is planning an orderly exit from the Eurozone and that plans are ready for a return to a legacy currency given the current circumstances.
The article noted that the plan does not come as a surprise, though the timing may be given ongoing negotiations with private bondholders.
Although there has been a great deal of discussion regarding Greece exiting the Eurozone, there has not been any meaningful speculation as of late. As such, the report may be part of the ongoing negotiations with the private debt holders.
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