As the crisis in Greece continues, EU leaders and officials from the IMF, are publicly talking about the possibility of Greece leaving the Euro.
Before now, this was said to be unthinkable.

But as the crisis deepens an exit is looking more likely despite the high financial costs.

Chancellor Angela Merkel of Germany has called on the Greece to hold a referendum on the Euro.

Despite the Greek people voting against EU-IMF austerity in the elections, polls still show about 70% of the country want to remain in the Euro.

However, Germany have made it clear, to remain in the Euro, they have to stick to their austerity obligations.

Also in Europe, Ireland’s banks are still struggling and it’s thought Ireland will soon need a second bail-out.