I don't understand why it is so difficult to solve this. All Greece needs to do is exit Euro, form a new union with Switzerland and call it Sweece. This will give them the chance to reboot and Swiss will finally get a weak Franc. Problem solve.
In Greece, wise men speak and fools decide
Tonight Greece will continue the cat-and-mouse game with the Troika, accepting the firmer austerity conditions in order to secure the next payment before the March deadline, but it is not going to be the final word in this Greek debt crisis as the drama will develop into a full blown Greek Tragedy by May/June. The meeting of the Cardinals (an EU “summit to end all summits” due to a real fears of systemic meltdown) is still our macro forecast for the EU. As the Greece confrontation threatens in the background, the ECB has been buying time. The next LTRO end of February could not come at a better time, and the ... (full story)