Greece: Always Packing, Never Leaving
Bill Quick

Fear grows of Greece leaving euro – FT.com

Eurozone central bankers have talked publicly for the first time of managing a possible Greek exit from Europe’s monetary union as stalemate in Athens talks on a coalition government raises the prospect that Greece will renege on the terms of its international bailout.

The comments by members of the European Central Bank’s governing council indicate that the risk of eurozone fragmentation is being taken increasingly seriously by the region’s policymakers.

Amazing what we can grow used to, as the frog is basking in the hot tub, isn’t it?

At first, there was no Euro problem at all. Then it was just Greece. Then it was the PIIGS. Then it was unthinkable that anybody would leave the Euro. Now it’s thinkable Greece might do so, but of course, it remains unthinkable that anybody else would, or that Greece’s original catastrophic exit is now anything but a minor ripple in the future of the Euro.

And so the whole heaving, shuddering, collapsing mess continues to disintegrate, while the band strikes up a new tune on the Euro-deck as the iceberg draws ever closer.

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Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

Comments

Greece: Always Packing, Never Leaving — 1 Comment

  1. An NY Times article quoted several erudite Greek citizens explaining why they believe they can tell the rest of Europe to piss off and still stay in the eurozone. My favorite:

    “After all, Europe is a Greek word.”

    So are hubris, catastrophe and tragedy. And “kaka” in Greek means “bad,” which ought to give them some hint of what they are goping to be eating for the ebnxt several years.

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