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Tuesday, April 21, 2015

The 'Grexit' Issue and the Problem of Free Trade | Stratfor

The 'Grexit' Issue and the Problem of Free Trade | Stratfor

"...it has become increasingly difficult for Greece to meet its payments. If Greece doesn't meet these payments, the IMF and European institutions have said they will not extend any more loans to Greece. Greece must make a calculation. If it pays the loans on time and receives additional funding, will it be better off than not paying the loans and being cut off from more?"
...
"...the real issue: Greece, and other countries, cannot exist as normal, coherent states under these circumstances, and in European history, long-term economic dysfunction tends to lead to political extremism and instability."

 

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