11 febrero 2012

Endgame (part 1): the cauterisation of Greece | Faisal Islam on Economics - Channel 4 News

Channel 4 News, by Faisal Islam, Economics Editor, 11/02/2012 11:39 AM, excerpt/extracto.-

1. Greece is being cauterised. The EU, ECB, and others have prepared the ground for Greece to be detached from the eurozone. It isn’t what they want, but there was profound shock at Papandreou’s use of a referendum threat last autumn. So they have prepared the eurosystem for a Greek exit, that theoretically can be handled by the rest of the eurozone. This has considerably lessened Greece’s bargaining power.

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