On Greek economy, who will blink first?
Until the rerun of the Greek elections scheduled for June 17, we will witness an unprecedented game of brinkmanship. The game will be played along the following lines.
European political leaders will state unequivocally to the Greek electorate that it is time for them to make a stark choice: Vote for parties that will continue with the agreed reforms (the dreaded austerity) and stay within the European family or vote for parties opposed to the austerity measures and leave the euro and perhaps the European Union.
This clear and concise message was recently voiced by Austrian Finance Minister Maria Fekter. She declared that if Greece does not stick to the terms of its bailout program, it will not receive further aid from the EU or the International Monetary Fund.… Seguir leyendo »