Originally, in January 2015, during the Greek elections, Tsipras said he wanted a significant write-down of the Debts which previous Greek Governments had obtained from the EUROZONE.
Tsipras clearly said that Greece could not repay the scheduled installments and still have enough money to reorganize the Greek Economy ! There is unemployment of about 30%, not enough tax income and the cost of Pensions payable by the State, is too high. At the time Tsipras wanted Greece to remain in the EUROZONE.
That was six months ago ! In the meantime there have been no concessions by the EUROZONE except small loans to cover imminent repayments due. In the meantime, the Greek economy was being bled dry. It was stagnant ! The money in private Euro Bank Accounts was withdrawn and is hidden to cover a future of rainy days !
Greece can no longer afford to stay in the EUROZONE ! It must declare a Russian style 1917 bankruptcy and refuse to repay foreign debts !
If Tsipras now would let Greece stay in the EUROZONE it is tantamount to accepting that Greece will repay the outstanding loans due to the EUROZONE ! This could lead to revolts in Athens, if not a "Civil War" !
If the EUROZONE cannot prevent the "Grexit" other countries like France, Italy and Spain will be watching and counting the cost ! The Financial and Economic rules of the "ZONE" must therefore, be reviewed. The basic problem is that the ZONE has one central Bank, but 19 different Governments !
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