Well, it’s only the 18th, so there’s plenty of time, and plenty of more drama to be had. This is such a broken record, I’m not going to bother reading the link. It’s the same crap, over and over, again.
At the last minute, the Euro-nuts will agree to give Greece some more money. Greece will agree to make cuts in spending, without ever actually instituting any meaningful reforms.
A few months from now, Greece will whine about having to pay back a small portion of the money they just borrowed, and then, the creditors will cry about repayment, then, Greece will be on the verge of bankruptcy, and at the last minute, the Euro-nuts will give Greece more money to continue doing what they’re doing, today.
I think, over time, even the Euro-nuts will lose patience. Or, perhaps, Greece will quit it because it won’t generate near the drama it used to.
It really isn’t that difficult of a question ….. either embrace the Euro and come in compliance with the rules of being in the Euro, or, don’t. Most of the world expects them to default on the loans, anyway, and, as they continue to borrow, eventually, they’ll have to default. It isn’t like Greece is suddenly going to become some little economic powerhouse, they haven’t been since before the time of Christ!
Or, maybe, they’ll just float Greece in perpetuity.