Sunday, 12 July 2015

EUROZONE - "GREXIT" : WHAT HAS GONE WRONG ?


Everyone is blaming someone else !  The "Grexit" problem has blown apart the whole EUROZONE, if not also the EU !  

Not one country nor one politician is prepared to accept any responsibility, but above all no one wants to suffer and no country wants to pay for the cumulative cost of anything that has gone wrong !

Five months of discussions have not solved the "Grexit" problem and during this time Greek banks have been "drip-fed" finance by the Eurozone Central Bank to prevent a total collapse of the Greek economy.  Everything has been said and the contrary as well !

Furthermore, President Hollande seems to be playing a double-faced game : secretly encouraging Tsipras  and also ensuring Merkel that he backs her rigour.   Does this really help ?  

Very soon, throughout the whole EU all the Parliaments will close for the Summer Recess !   A "Grexit or not" solution has become even more urgent !

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