Wednesday, May 16, 2012
Will everything else in the European economy be okay if Greece leaves the eurozone?Financial Times Deutschland editor Wolfgang Münchau (Spiegel Online Griechen raus - und dann? 16.05.2012) thinks that European governments are floating the line that a Greek exit from the eurozone won't be such a big deal and speculates on why they think such a thing. Are they genuinely deluded? Are they looking just at the short-term politics? Do they really just want to break up the eurozone?
He describes what the eurozone and the EU would have to do in the case of a Greek exit to make it really no big deal. Things that it's virtually unimaginable at this point that they can or will do. My translation:
Tags: austerity economics, eu, euro, european union, greece
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No subject for immortal verse
That we who lived by honest dreams
Defend the bad against the worse."
-- Cecil Day-Lewis from Where Are The War Poets?
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