It’s still possible to stop Grexit
From blogs.reuters.com
The chance of Greece quitting the euro has risen sharply. But a so-called Grexit can still be stopped, despite dramatic weekend developments which saw Athens declare a six-day bank holiday after talks with its creditors broke down.The most obvious way of avoiding a Grexit is if the people vote to accept the bailout terms offered by euro zone countries and the International Monetary Fund in a referendum set for July 5. But even if they do that, it’s not certain Greece will avoid a return to the drachma. The Greek people’s initial inclination will be to vote “no”. They are tired of austerity and have been told by ...
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