Re:Varoufakis reveals cloak and dagger 'Plan B' for Greece, ...
by MagnumOpus on Monday July 27, 2015 @04:13AM
(#9953987)
If this summer's negotiations were a deliberate chess move, they are akin to manoeuvring yourself into a Fool's Mate.
Closing all banks for the largest part of a month sinks your economy at a faster pace than any austerity ever could. The country was on the path to recovery since last year but this summer has caused another implosion in economic activity similar to a devaluation - all without getting the eventual side benefits of an actual Grexit.
Closing all banks for the largest part of a month sinks your economy at a faster pace than any austerity ever could. The country was on the path to recovery since last year but this summer has caused another implosion in economic activity similar to a devaluation - all without getting the eventual side benefits of an actual Grexit.