Switzerland would be plunged into a two year recession if Greek voters effectively pull the plug on eurozone membership during Sunday’s general election, according to an economic think tank.
The Swiss economy would derail further if other states withdraw from the euro, BAK Basel has warned. In the worst case scenario, Swiss economic growth could lag four per cent behind its normal path in the next four years.
Faced with an unsustainable mountain of debt and rocketing unemployment, Greece was forced to impose savage public spending cuts and tax rises in exchange for a bailout last year.
NO EU BONDS for a FAKE EU leadership. STOP
ReplyDeletegood EU PLAN B:
EU Willing Of North UNITE.
Northe can hire cheap greek labour from the south...
Message to the SOUTH: then Greeks can come northe to work for real hard EURO's .
Please don't post This SECRET on a headline....North needs cheap Greeks