Tuesday, April 14, 2015

Greece Will Regain the Spotlight Soon

Greece's best hope for the future would be to walk away from any debt deal and the Euro zone. Market forces, ever ignoring politics and ill-conceived plans to manage the business cycle, will force withdrawal or escalating civil unrest soon. Elected leaders, regardless of back room deals and promises, will be force to chose between the two.

Headline: Greece may have blown best hope of debt deal

BRUSSELS (Reuters) - Even if it survives the next three months teetering on the brink of bankruptcy, Greece may have blown its best chance of a long-term debt deal by alienating its euro zone partners when it most needed their support.

Prime Minister Alexis Tsipras' leftist-led government has so thoroughly shattered creditors' trust that solutions which might have been on offer a few weeks ago now seem out of reach.



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