You don't think, Italy, Portugal Spain and company will react to a Grexit? I think they might be the next cabs off the rank. Then what will Merkel, Hollande, Draghi, Juncker and other cronies do to stem the potential bleeding ? I firmly believe that the southern European countries should have never been absorbed into the EU. I am not a politician and it is easy to speak with hindsight and I would not like to see any of the Eu countries kicked out of the EU. however, if this scenario picks up momentum and we start seeing exits, the northern poorer countries like Ireland Slovenia,Romania and most of the countries that were accepted in 2004 may follow. So, what good will Euro Government Bonds be then and what will happen to the gold price over the next 12 months and onward? Bright days for Abu and the like I think. Don't underestimate the damage a Grexit will do to the EU!
Cheers,
helmenesh
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