From London't Financial Times via Tim Duy's blog :
Meanwhile, Germany and France are holding to the official line. From the FT:
?We want Greece to stay in the euro,? Ms Merkel said. ?We know that the majority of people in Greece see that.?
The Greek government had also agreed on a ...
From a comprehensive econ paper about the Greek debt and austerity measures required by creditors (paper, page 14):
Ten years ago, writing in the wake of Argentina?s default on its public debt ? then the largest sovereign default in history, George Soros noted that creditors as a group have an interest in punishing such ...
According to the author of this econ article in the Guardian (UK), fantasy prevailed in both the entry of Greece into the Euro, and the pending exit from it.
It took no particular talent to have seen this coming [Greece exiting EU], just the recognition that it has always been a fantasy ...
Re: Greece.
If Greece can form a government and that government signs up to the bailout agreement, then it is possible some of the targets in the program could be softened, the chairman of the euro zone finance ministers, Jean-Claude Juncker, said.
"I don't envisage, not even for one second, Greece leaving the euro area. This is ...