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Greece's ace card: help us or we'll take you all down
Given Greece’s comparatively recent history of junta rule, it would surely only be a matter of time before the military stepped into the ensuing political vacuum. Unthinkable for an apparently advanced economy? Well, perhaps, but the unthinkable has had a nasty habit of becoming true these past four years. Whatever the eventual outcome, we are now well past the point where matters are capable of happy resolution. What’s happening is plainly a tragedy for Greece, but just how serious is it for the rest of the eurozone? In terms of the big numbers, it might scarcely seem to matter. Greece accounts for under 3pc of ... (full story)
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