Some Things are Predictable

Greece and the Eurozone

At the time of writing, it would appear that the EU and Greece have patched together some sort of a deal to keep the Greek economy afloat. No real surprise there. It’s a classic EU fudge of course and obviously temporary, but it allows both sides to back away without obviously backing down. We’ll be here again, no doubt about that. The problem of course is that Greece is unable to operate as a member of the Euro. It’s not the only member with difficulties of course, but it does appear to be the only one with no real chance … Continue reading