Still confused by the doomed endgame in the 21st century Greek tragedy? Have
no fear: here is the BBC (which today is two out of two for useful
information)with a flowchart of Greek endgame. With apologies to the optimists,
who think there may be a happy ending here, here are the only 5 possible
outcomes: 1) Pyrrhic Victory; 2) Depression; 3) Moral Hazard; 4)
Political Turmoil and 5) Global Meltdown. In this context, it becomes
all too obvious why stocks are surging...
From the BBC:
The "Troika" of lenders - the European Union, International Monetary
Fund
and European Central Bank - say Greece must take more painful steps
to cut
its borrowing.
But Greece faces riots and mass protests on the streets of Athens.
The government could lose its grip on parliament - only 155 of 300
MPs
backed the last round of austerity in June.
At stake is the next 8bn euro tranche of bailout money, which
Greece
desperately needs to avoid total crisis.
Starting from the top, follow the decision tree to decide what
happens
next.
And visually:
Fund and European Central Bank - say Greece must take more painful steps
to cut its borrowing.
But Greece faces riots and mass protests on the streets of Athens.
The government could lose its grip on parliament - only 155 of 300 MPs
backed the last round of austerity in June.
At stake is the next 8bn euro tranche of bailout money, which Greece
desperately needs to avoid total crisis.
Starting from the top, follow the decision tree to decide what happens
next.
http://www.zerohedge.com/news/were-going-need-bigger-flowchart-presenting-schematic-part-1-european-endgame
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