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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Road Walker who wrote (869067)6/29/2015 9:33:40 PM
From: combjelly  Respond to of 1577060
 
I keep wondering if Greece has truckloads of Drachmas hidden somewhere and all set to say FU EU?

Doubt it. There woukd be too much damage to both the EU and Greece.

Which doesn't mean it won't happen. But the Greek government is going to do whatever it takes to avoid it.

stratfor.com
stratfor.com

The Greek banks would collapse almost immediately upon withdrawal. It would deal a serious blow to the economies of the surrounding countries. And it very well may drive Greece into the Russian sphere of influence. The political repercussions of that would be enormous.

The only real solution is forgiveness of at least part of the Greek debt. Its creditors, especially the Germans, wont like it, but it is the best way forward. Now that would fuel the anti-EU contingent in Germany, but they aren't the sharpest spoons in the drawer. Germany has been the primary beneficiary of the EU, hoovering up most of the economic growth since the beginning. But they refuse to acknowledge that, seeing themselves as unfairly having to shoulder a lot of the burdens of the EU.