Once Greece leaves the Europe, the wolfpack, the leading edge of the invisible hand, will begin the process of discounting the exit of others. No policies will stop that. The Trioka, if it doesn't know that already, will be educated real-time.
Summary of Greek Economy
- Average wage is €600 a month
- Unemployment is at 25%, with youth unemployment almost 50%
- Economy has shrunk by 25% since the start of the eurozone crisis
- Country's debt is 175% of GDP
- Borrowed €240bn from the EU, the ECB and the IMF
Headline: Greece says will not cooperate with 'troika' or seek aid extension
(Reuters) - Greece's new leftist government opened talks on its bailout with European partners on Friday by flatly refusing to extend the program or to cooperate with the international inspectors overseeing it.
Prime Minister Alexis Tsipras' government also sacked the heads of the state privatization agency after halting a series of state asset sales.
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