Greek up date, page-9

  1. 2,731 Posts.
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    "there are still many options available for Greece and only one for the ECBs["

    Exactly. So who holds the strongest suit?
    Who has the most to lose?
    Greece, which has only pain out to infinity,
    or the EU with the following to lose:
    Hundreds of billions of Euros (already gone in IMO)
    Political power on the eastern edge of Europe. Think what grexit would mean to Europe's hopes in the Ukraine.
    A NATO platform
    Probable collapse of the derivatives market and financial meltdown
    A possibility of contagion leading to a contraction of the Eurozone to Northern Europe only.
    Worse still, the possible destruction of the EU.

    Again, who holds the strongest suit?

    23.
 
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