It’s one or the other for Greece, regardless of this week’s bailout sequel.
So long as austerity continues, and so long as there are massive, unsustainable trade imbalances, Greece will soon have no choice but to default and leave the Euro.
This may well be what the stupid, punishing Germans want, but they’ll find out very quickly to be careful what you wish for!
Gorilla says: “The cradle of democracy is becoming a terrible toddler!”
Tags: Greece