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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (83614)	7/10/2015 2:23:10 AM
From: Elroy Jetson	1 Recommendation Recommended By Fiscally Conservative Read Replies (2) \| Respond to of 218307

Supposedly Greece's President has capitulated to all of Europe's demands. Everything he said he'd never agree to. As Sebastian Mallaby said Greece's former Finance Minister with a PhD in "Game Theory" seems not to have played this particular game before and didn't play it well. If Greece backs out on implementing the "reforms" Germany will have no choice but to make sure things become awful for them. As you copy and pasted in the post I'm currently replying to, Sebastian Mallaby notes Germany made sure the Greek pain affects France and other European members, so they will more or less be on board to demand either complete tax compliance or they're out of money by Sunday. And Greece will try to back out later as well. Germany is going to need to keep them on a very short leash. If Italian citizens can't come to fear becoming Greece themselves, the Euro-zone faces problems. You see this has been a long time coming. The problem wasn't Greece, the problem was Germany needing time to assemble consensus among their other European partners on how they needed to deal with Greece.