Former IMF Deputy Director - Greek Exit Coming

Desmond Lachman former IMF Deputy Director talks on Bloomberg 23/07/12 about how Greece could exit Euro in 2 months time after USA elections. Very timely eh. It's looking like Greece isn't making the grade and it's in a deflationary spiral and losses must be cut. Germany feels as though loss of Greece is no great shakes.....However this could be Europes Lehman moment! Germans quite rightly don't want to bail out Greece again, especially as Spain looks like it'll be playing the violin and dancing for cash soon.