Volkswagen's finance arm ponders Greek euro-zone exit: paper

BERLIN (Reuters) - Volkswagen's finance division is considering the impact of a possible exit of Greece from the single currency zone, its Chief Executive Frank Witter told Automobilwoche magazine on Sunday.

BERLIN (Reuters) - Back in May, as the euro zone veered deeper into crisis, Nobel Prize-winning economist Paul Krugman penned one of his gloomiest columns about the single currency, a piece in the New York Times entitled "Apocalypse Fairly Soon".

By Peter Boone and Simon Johnson In every economic crisis there comes a moment of clarity.  In Europe soon, millions of people will wake up to realize that the euro-as-we-know-it is gone.  Economic chaos awaits them.

With every passing day, there is increased chipping away of support for the Euro. Please consider Linde CEO says Germany should mull euro exit Germany should consider leaving the euro if efforts to impose fiscal discipline upon indebted euro zone countries fail, the head of industrial gases firm Linde told German weekly paper Der Spiegel.

IN THE week hours, euro-zone finance ministers finally reached an agreement on how to proceed with a new bail-out for struggling Greece. The indefatigable Charlemagne provides details:

Here is an interesting headline from the Greek website Ekathimerini: Withdrawals up again due to uncertainty. The political polarization and uncertainty regarding Greece’s position in the eurozone generated a fresh spike in bank withdrawals last week.

SINCE Greek Prime Minister George Papandreou declared his intention to hold a referendum in his country on the recently negotiated rescue plan, the situation in Athens has been somewhat volatile.