Grexit

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris examine a recent interview with the Financial Times given by Wolfgang Schäuble, where the former German Finance Minister, who was charged with finding a workable and sustainable solution to the Greek debt crisis, reveals that his plan for Greece to take a 10-year “timeout” from the eurozone (in order to devalue its currency and save its economy) was met with fierce resistance from Brussels hard liners, and Angela Merkel herself.

ATHENS, GREECE — In the second and previous installment of this series, which generated a great deal of consternation — reflecting the inferiority complex and pro-EU dogmatism prevalent in much of Greek society — the grim future Greece would face by opting to retain its

Eight years into the deepest economic depression that an industrialized country has ever experienced, we are now being told that Greece is a “success story.” Having accepted the “bitter medicine” prescribed by the “troika”—the European Commission, the European Central Bank, and the International Monetary Fund—the storyline today is that Greece is on the road to recovery, firmly within the European Union and the eurozone.

Obama Administration Vice President Joe Biden boasted about how he personally played a key role in helping Greece stay in the European Union, and avoid a Grexit scenario.
In an interview with Greek newspaper Kathimerini, Joe Biden noted that a Grexit “could potentially have triggered a wider crisis of confidence in the global economy.”

According to economist Roger Bootle, the EU has grown unsustainable and due to various factors, is about to burst. (AP/Francisco Seco)
LONDON– The recent triggering of Article 50 of the European Union’s Lisbon Treaty by the United Kingdom has formally set into motion the process of Britain’s departure from the EU, an action that is in line with the result of last June’s referendum, where 52 percent of British voters chose to leave the union.

Source : L’arène nue, Coralie Delaume, 04-03-2017

Back in November I wrote a bleak account of the situation in Greece as I witnessed it following a brief visit there.
More recently I have written pointing out how the IMF has itself concluded that the situation in Greece is unsustainable.

I simply cannot stress enough how important Greece is to freedom, liberty and civilization across the globe. Greece is not a one-off, or merely a small nation in big trouble that holds little relevance for the rest of us. Greece is everything.

“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.”                                           […]

By John Halle | Outrages and Interludes | July 16, 2015 That Syriza has made mistakes isn’t in dispute: they themselves have admitted to two main ones. 1) They failed to recognize, despite early warnings from party members such as Costas Lapavistas, that the EU was negotiating in bad faith.  The EU’s intention was never to […]