http://loveofhistory.com/greek-austerity-or-greek-default/ A historical perspective of current events Sun, 04 Feb 2018 14:54:59 +0000 hourly 1 https://wordpress.org/?v=4.2.38 http://loveofhistory.com/greek-austerity-or-greek-default/#comment-28997 Sat, 04 Jul 2015 06:48:31 +0000 http://loveofhistory.com/?p=3634#comment-28997 It is true. No mechanisms exists for leaving the euro. Politicians make the rules and people break them, though. Leaving the European Union will not happen. Greece is a sensitive area and the Greeks are aware of the political and geopolitical implications of such a move.

]]> http://loveofhistory.com/greek-austerity-or-greek-default/#comment-28992 Sun, 28 Jun 2015 09:32:05 +0000 http://loveofhistory.com/?p=3634#comment-28992 “Hope, danger’s comforter…” (Thucydides). Largely I agree, but I fear you underestimate the likelihood of an exit from the European Union as a direct consequence of an exit from the EURO. After all, no mechanism exists for such a disentanglement, and all members of the EU are expected to move towards Eurozone membership unless, like the UK, they have an explicit opt-out agreement. Not sure how this will work – but then the alternative is equally uncertain, as you say.

]]> http://loveofhistory.com/greek-austerity-or-greek-default/#comment-28991 Sun, 28 Jun 2015 09:26:30 +0000 http://loveofhistory.com/?p=3634#comment-28991 Very interesting and convincing. I hope you will “win” against this Europe” and help us all to build another.
A french who love Greece and admire your courage

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