Tuesday, May 12, 2015

12 May 2015 - 3 scenario;s for EU and Greece (Die Welt)

12 May 2015 - 3 scenario's for EU and Greece (Die Welt)

http://sputniknews.com/europe/20150511/1021994733.html

We think it is going to be scenario 3:

"Scenario 3. Greeks shows no willingness for cooperation and debts’ repayment

In this case, Greeks show no intention to carry out necessary reforms and prove unable to repay their debts. They also do not return to the negotiating table anymore and start introduction of a parallel currency, which would mean the beginning of Greece’s withdrawal from the monetary union."

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The cash crush in 2 weeks time will hit Greece itself the most, whereafter the citizens will be prepared to choose a 'drachma' in order to be at least able to continue economy, because cash crunches hurt too much.

Philippe Blankert, internetavenue@outlook.com, 12 May 2015

http://euro-drachma-grexit.blogspot.nl/

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