Tuesday, 15 May 2012

Here comes the Grexit !

Observers have dubbed the possible departure of Greece as the ‘Grexit’.

Greek newspaper Imerisia reported that the government has just £1.2billion left in its coffers – enough to continue for only a few days.

Last night there were also rumours of an unofficial ‘grey market’ in the drachma – the old Greek currency – springing up in anticipation of the exit.

Reminds me of the days when Labour was booted out of government. "Sorry - but there's no money left - we've spent it all".

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