Yiannis Mouzakis via Macropolis | The tone of the day is celebratory for some. After eight years, myriad Eurogroup meetings that lasted until the early morning hours and hundreds of billion euros in loans, the eurozone is probably happy that it doesn’t have to spend any more time, energy and money on this small country at the corner of Europe that represents 2 percent of the total eurozone economy.
capital controls for Greece
By Marios Zachariadis via MacroPolis | At first glance, the potentially catastrophic consequences of Grexit on the rest of the Eurozone provide the Greek government with an important bargaining chip. However, the Greek government should take into consideration that Grexit is not the only possible alternative in case an agreement with the rest of the EZ cannot be reached soon.