Friday, 5 June 2015
Grexit looms into view
I think in reality this is much higher now. The offer from the IMF/EU is simply not what Syriza can stand in Parliament or get passed. As such a bill will either fail or lead to new elections.
How can Greece organise elections and still make around €3.2 billion of payments by the middle of July is beyond me.
I really hope Syriza go for it and have elections, then campaign to leave the Euro as a last chance to convince the EU to take their democratic (if not fiscal) claims seriously.
With each passing day it appears that the classic Euro-fudge is off the menu - the Germans just won't wear it and the IMF has an eye on other debtors globally and can't be seen to let an EU country escape its grasp due to special pleading.
Developing and Interesting.
Those immigrants pooring onto the Greek Islands are making a lot less progress than they think they are!