Lake Erie Conservative

thoughtful discussion(s) about issue(s)

… The Situation with the Euro is Getting Dangerous [#a game of Chicken]…

Posted by paulfromwloh on Saturday,June 18th,2016

.. maybe Dr. Doom [Nouriel Roubini] is off of his game ..

.. maybe not .

.. the Greeks are testing the limits of the Eurozone system . No , they do not want to be kicked out of the Euro . Not without good reason . However , the Greeks feel that the austerity package that they are being forced to endure is intolerable . The debt load is accelerating , and the amount of austerity that Athens is forced to endure is becoming intolerable …

.. [h/t —]..
.. [link] to the blog post …

.. The Germans are a patient people . They have rebuilt their fiscal reputation on being conservative and being very patient . Patience has its limits , though . Germany may feel that it may not be worth having Greece in the euro any longer , at some point . The question is , where is that point , and who makes the call ??


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