Daily account of developments in the Greek economy since January 1, 2015. The commentator has paticular interest in Greece's economy, being owner of the domain name http://www.δραχμή.gr/, since emergence of IDN in 2010. You can email commentator Philippe through internetavenue@outlook.com
Saturday, May 16, 2015
16 May 2015 - the Third Way regarding Greece - Greece trapped inside eurozone.....'Greek Implosion'
Tsipras and Varoufakis assume that a default would force Europe to choose between just two alternatives:
1) expel Greece from the eurozone or
2) offer it unconditional debt relief.
3) !!
But the European authorities have a third option in the event of a Greek default. Instead of forcing a “Grexit,” the EU could trap Greece inside the eurozone and starve it of money, then simply sit back and watch the Tsipras government’s domestic political support collapse.
Let's call this Third Way the 'Greek Implosion'
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