Greek Referendum: Euro Crisis Explodes into Dramatic Climax
Those who accuse the Greeks of “recklessness” are mistaken: the creditors’ utter contempt for democracy left them with no other choice but a rupture.
Those who accuse the Greeks of “recklessness” are mistaken: the creditors’ utter contempt for democracy left them with no other choice but a rupture.
It’s impossible to tell how the stand-off between Syriza, Germany, and the ECB will turn out, and events are shifting daily.
Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”