Saturday, October 22, 2011
What to do about Greece
A very illustrative flowchart from Stratfor dropped into the CE inbox this weekend…
As they say, the eurozone (read: Germany) has its work cut out for it.
Whichever actions Germany takes, three things are all but inevitable: an Italian bailout, a European banking crisis, and a Greek default. Any one outcome will likely trigger the other two.
This may look like a “damned if I do, damned if I don’t” type of situation, but how Berlin handles the crisis could be the difference between a weakened euro and nonexistent euro.
This may look like a “damned if I do, damned if I don’t” type of situation, but how Berlin handles the crisis could be the difference between a weakened euro and nonexistent euro.
Disclaimer: This link to Stratfor takes you to their time-limited promotional campaign page. CE are not affiliated with Stratfor in any way and are not promoting their services here but, fair’s fair, it is their image and they deserve a return link.
RD 10:51:22