Monday 5 December 2016

Thomas Molloy: If Greece defaults we're in line for chopping block

Published 13/09/2011 | 05:00

Q: What's the Greek word for deja vu? Every time I pick up a newspaper these days, somebody somewhere is warning of the Greek crisis. What's different this time?

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A: Two things have changed over the last fortnight that make it even more likely that Greece will have to default. The first is that the Greek authorities appear to have more or less given up. The second thing is that the mood in Germany has really soured. Chancellor Angela Merkel keeps losing regional elections and the constitutional court has effectively ruled out indefinite aid to Greece or any other country.

Q: How do you mean the Greek government has given up?

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