Will the gods bless or punish Greece?
The Greeks, finally, have decided to dust off the Trojan
horse and pull it into the city, where the Troika (Berlin, Brussels, IMF) stand
in their luxurious garments lecturing the Greek ministry on how to run a
country. They have lavished the Greeks with so much wealth and Ouzo to get them
to join and stay in the Euroclub that the Greeks are in a no-lose position. It
is either debt forgiveness or default, if they go back to the Drachma. A huge
hit for the ECB and anyone else that holds Greek debt, but just a clean new
slate for Greece. A land where their majority of income is tourism, and would
make them the cheapest destination in all of Europe. Their economy may
not flourish immediately, but would certainly not be devastated. Greek banks
would also default, so there would be no debts left to pay and there is always
someone ready to take a chance at the very beginning in funding the next Greek
Ponzi scheme.
Odysseus is alive and well!
Xavier
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.