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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.33+0.7%Nov 18 4:00 PM EST
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To: TobagoJack who wrote (90641)5/26/2012 9:24:31 PM
From: carranza25 Recommendations  Read Replies (1) of 217860
 
The Greeks are not going to withdraw from the EU because the consequences are far worse than remaining in it. All Greeks, even the leftist firebrands, know and will respond to this fact in a predictable way. And they will never be expelled.

What the Greeks don't seem to get is that short term pain will pass if they exit. Exiting, though it means sacrifice, is their best option. Austerity of any kind, though it may well be curative, is not in the Greek vocabulary. Too many years of corruption, wastrelism, etc., have ruined their national character. Iceland of course is the correct model.

I think Greece may eventually be given some sort of special status in the EU. The endless crisis will continue. It will become boring until Spain reaches true crisis mode.
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