EUR0Z0NE REACHES "GREXIT" ULTIMATUM POINT !

All the cards are on the table and a decision must be made !  Will Greece stay in the EUROZONE ?   Or could Greece even leave the EU ? 

The immediate Financial and Political stakes which are at risk are clear, but have all the ripple effects of all the consequences been properly understood and weighed ?

Greece needs current short term finance but also has enormous debts of about 250 billion Euros which it cannot repay if it pursues the plan of reorganising life in Greece, as was promised by Tsipras prior to his election as Prime Minister !  He is committed to stopping the austerity imposed by the previous Greek Government, but which did not take the measures expected by the EUROZONE ! 

Tsipras needs a significant reduction of Greek national debt not only by the EUROZONE but also by banks inside Greece !  If the EUROZONE does not help, he can only perform a "Grexit" !  He will then be forced to re-adopt the New Drachma ! 

Tsipras will then still need more than just current short term loans !  Would Greece then still be able to stay in the EU ?   It is known that Tsipras already has contacts with Putin in Russia !   The Rouble may not be the most solid of currencies but Putin would surely not refuse to help if he could get a firm foot in the Mediterranean Basin !  He already has a berth for a Russian ship in Cyprus, not to mention his base in Syria !

Is this not a good example of what one can call "Political Chess" ?  It really does make one think !

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