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Why Greece Is Not Leaving The Euro Regardless Of The Outcome Of The Vote
Fears are rising everywhere that Greece will make a disorderly exit from the euro. The odds of this happening are extremely low even if the opposition party Syriza and its charismatic leader Alexis Tsipras emerge victorious in the upcoming June 17 elections. Tsipras has called for a renegotiated bailout package that eases the burdens of austerity and favors growth. But he has said he thinks it is best for Greece to remain in the euro. Chancellor Merkel of Germany and the head of the IMF Christine Lagarde have said Greece must honor the bailout package and there will be no renegotiation. They are bluffing. We all ... (full story)
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