Saturday 3 December 2016

Whether Greece stays or goes, the Eurozone must change to survive

Published 20/06/2015 | 02:30

'There are those who say that a default would see Greece (or even Ireland) better off'
'There are those who say that a default would see Greece (or even Ireland) better off'

The show may not be over until the fat lady sings, but some very high notes are being sounded in the operatic farce/tragedy that is the Greek crisis.

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Greek Prime Minister Alexis Tsipras accuses the IMF of "criminal irresponsibility". Unnamed German sources - the Ministry of Finance being the chief suspects - call the Greeks "clowns." Meanwhile, the countdown to June 30, when Greece must repay €1.5bn it does not possess to the IMF draws ever nearer.

The show is not over yet but many have noted that it would not be the first time Europe stumbled into a disaster that no one except those on the extremes actually wanted.

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