It just goes on and on like it has for 5 years.
http://diaryofarepublicanhater.blogspot.com/2015/06/market-trapped-in-greek-tragedy.html
Right now the markets are up so they most imagine that this is going to happen. Maybe they assume that the Greeks will never leave that they'll do what the EU demands rather than default.
Maybe they're right. While Dennis Gartman rightly argues that they Greeks for their own good ought to walk away, he also believes they won't. Basically the Germans won't let them leave. Zizek always says that the reason the analysand keeps returning to speak to the psychoanalyst is because the psychoanalyst wants him to.
Maybe Germany's desire for the Greeks to stay is enough to make them lose site of their own best interests and stay.
There was that report by the Bank of Greece that Krugman himself couldn't figure out that claimed that Greece would suffer terribly if it leaves the euro.
"maybe the apocalyptic warning from the Bank of Greece that devaluation would push the nation back into the Third World is right, although I’d like to know about the model and historical examples that would justify this claim. But absent that kind of implosion, a devalued currency should eventually produce an export-led recovery — I understand the cynicism one hears, but demand curves do slope downwards even in Greece."
http://krugman.blogs.nytimes.com/2015/06/18/thinking-about-the-all-too-thinkable/?_r=0
It seems that maybe Greece really is timid-it fears the unknown, Though to pass any deal Tsipras will need it to get through parliament who seem very skeptical of any deal right now that gives away the store.
Still, if the Greeks need nerve, they ought to look to Socrates-a man willing rather to be executed than confessing to 'impiety' that didn't exist-much less apologizing for.
Iceland proves there's life after the euro.
http://diaryofarepublicanhater.blogspot.com/2015/06/market-trapped-in-greek-tragedy.html
Right now the markets are up so they most imagine that this is going to happen. Maybe they assume that the Greeks will never leave that they'll do what the EU demands rather than default.
Maybe they're right. While Dennis Gartman rightly argues that they Greeks for their own good ought to walk away, he also believes they won't. Basically the Germans won't let them leave. Zizek always says that the reason the analysand keeps returning to speak to the psychoanalyst is because the psychoanalyst wants him to.
Maybe Germany's desire for the Greeks to stay is enough to make them lose site of their own best interests and stay.
There was that report by the Bank of Greece that Krugman himself couldn't figure out that claimed that Greece would suffer terribly if it leaves the euro.
"maybe the apocalyptic warning from the Bank of Greece that devaluation would push the nation back into the Third World is right, although I’d like to know about the model and historical examples that would justify this claim. But absent that kind of implosion, a devalued currency should eventually produce an export-led recovery — I understand the cynicism one hears, but demand curves do slope downwards even in Greece."
http://krugman.blogs.nytimes.com/2015/06/18/thinking-about-the-all-too-thinkable/?_r=0
It seems that maybe Greece really is timid-it fears the unknown, Though to pass any deal Tsipras will need it to get through parliament who seem very skeptical of any deal right now that gives away the store.
Still, if the Greeks need nerve, they ought to look to Socrates-a man willing rather to be executed than confessing to 'impiety' that didn't exist-much less apologizing for.
Iceland proves there's life after the euro.
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