You’ve probably heard about the debt crisis in Greece. You’ve probably heard about the referendum and how the Greek people voted to reject the terms being pushed onto them by the Eurogroup. You’ve probably heard people speculating as to whether Greece will be forced out of the Eurozone. However there are several important variables in this crisis that most people aren’t talking about.
So what’s next?
In the short term, Greece is headed for some rough waters no matter how the negotiations proceed from here. The Greek banking system will not be able to function without outside help, and outside help hinges upon an agreement with creditors, who don’t seem very eager to compromise at this point. The banking situation is already interfering with imports and exports. This in itself will have consequences if a deal is not reached quickly.
If chaos follows, there will be a fierce battle to control the narrative. The rhetoric from the Eurogroup is predictable. At each phase of the crisis they have insisted that the solution to the problems created by the E.U. is to move towards full political and financial integration. In other words: they screwed up because you didn’t give them enough power. Where have we heard that before?
Follow Us :
Science & Technology2 years ago
If You’re Annoyed By Others Chewing, You May Be A Genius
Plant Medicine1 year ago
Shamans Believe Mental Illness Is Something Else Entirely
Nikola Tesla5 months ago
Tesla Pickup truck to cost less than $50,000, ‘be better than F150’, says Elon Musk
Environment3 months ago
Fire Resistant Coconut Husks Can Replace Wood And Save Millions Of Trees
Healthy Living4 years ago
Research Shows Nutrition is Much Better at Improving Mental Health Than Prescription Medication
Animals3 months ago
Prison In Indiana Accepts Shelter Cats And They Transform Prisoners Lives
Animals5 months ago
German Circus Uses Holograms Instead Of Live Animals For A Cruelty-Free Magical Experience
Art3 years ago
Man Arranges Leaves, Sticks, And Stones To Create Magical Land Artworks