Way back in June, I stated that it was purely a matter of time when Greece would leave the Euro, not if she would leave the Euro. Everyone’s attention is firmly on Greece, and her financial woes. Greece is history now ( no pun intended) the country we should look at is Germany, for only she has the financial clout to save Greece & the Euro .
And there lies the underlying problem, Chancellor Merkel is being slowly edged towards the “Eurobonds ” solution, and saying that Greece will come out from this mess, whilst her coalition partner, Philipp Rösler, the vice chancellor and FDP leader, said it should no longer be a “taboo” to talk about a Greek insolvency.
The conservative newpaper Die Welt said yesterday “It’s a question of attitude, and whether to reassert such noble principles as avoiding debt, taking responsibility for mistakes, and protecting public funds — principles which every state institution and every responsible politician must honor.” And with the CDU having poor showing at the recent elections,Chancellor Merkel is now between a rock and a hard place.
So with German opinion turning firmly against Germany bailing out Europe, the saga continues, and the markets look on. Even yesterdays action from the main Central Banks will in my view, only delay the inevitable.
On a brighter note, Oak Leasing has been chosen by a large Restaurant Franchise Operation as its equipment leasing partner for all new projects. The key is there are always opportunities for entrepreneur’s to move forward in any type of business, in any economic cycle. That is where Oak Leasing, with its expertise can, and will help new start entrepreneur’s, and give them the financial help to start them on the road to success. Whatever happens in Europe, it is critical to support our new start business’s in the UK, for without them, we will all struggle.