My Big Fat Greek Divorce

“To stabilize the euro, there can no longer be any taboos. That includes, if necessary, an orderly bankruptcy of Greece.”

You know, like an “orderly” divorce? Only this time nobody is getting the house because there’s no house to get (unless a house of cards counts).

It is not clear who is in the stronger position in the latest round of brinkmanship between Greece and the German bloc. If pushed too far, Greece can set off a powderkeg. The International Monetary Fund says European banks are highly vulnerable and need to raise their capital by €200bn. Many of the weakest are in Germany.

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