Grexit, or Not?
Published at 23:00 on 19 June 2015
This is interesting. The normal state of affairs, of course, is for even nominally “radical leftist” governments to cave to the demands of the capitalist class. But the Greek government — so far, at least — has refused to simply cave.
At this point it’s brinksmanship. I would expect at least a few more “temporary” loans to be made before any final outcome happens. And the “final” outcome might not be so final; it may well just kick the can six months down the road. A real final outcome may well be years off.