There's been a lot of grandstanding and I don't think Tsipras and his government have any real desire for Grexit. Too wedded to the Euro and continued bailouts. They just want the debt written off in part. Anyway, this would still have to go through the German and a number of other even less enthusiastic parliaments, representing populations which are understandably sceptical about bailing out Greece and the rest of the periphery.
If they don't want the 'austerity', they should leave; in which case they'll get the genuine article later on, or suffer an economic withering into third world status.
None of the major governments (the very nosy US included) and institutions involved want any loss of power, prestige or rocking of the boat, so I doubt Greece will be going anywhere. A write off of some sort is inevitable based on the economics of it alone and I think the creditors will just swallow the losses rather than risk non payment.
If they don't want the 'austerity', they should leave; in which case they'll get the genuine article later on, or suffer an economic withering into third world status.
None of the major governments (the very nosy US included) and institutions involved want any loss of power, prestige or rocking of the boat, so I doubt Greece will be going anywhere. A write off of some sort is inevitable based on the economics of it alone and I think the creditors will just swallow the losses rather than risk non payment.
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