Tag Archives: greece crisis

Greece Exit (Grexit) Inevitable, let us consider the aftermath

Grexit from the Euro is inevitable. Let us consider the consequences. Why is Grexit inevitable? (1) The amount of debt owed is not serviceable, no matter how much austerity, the debt far outstrips the GDP of the country. (2) By lending Greeks more money; it would be throwing good money at bad (3) The only… Read More »