Sunday, March 13, 2016

Finland to discuss whether to leave the Euro currency

First there was Greece (Grexit), who looked long and hard at leaving the Eurozone during last year’s financial crisis.  And that discontent is being followed up now in Britain (Brexit), who is expected to propose a referendum to have a vote on whether to stay or leave the union sometime in 2017.
And with Mario Draghi and the European Central Bank (ECB) taking interest rates down to zero on Thursday, and in some parts of the lending facility below that into negative territory, one Northern European member is taking a long look at whether to leave the Euro currency following a public petition that has now moved the idea into their legislature to debate on the issue.

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