January 19, 2010

The eurozone is heading towards a marriage of convenience... at gunpoint

Sir Martin Wolf’s “The Greek tragedy deserves a global audience”, January 19, makes it perfectly clear that, with respect to the eurozone, its members now face having to make a more profound commitment... or get off the pot.

It will be interesting to observe how it will all play out and though I prefer not to lay any bets on any outcome, if I absolutely had to do so, it would be on first Greece defaulting and thereafter the rest will scramble to enter a marriage of convenience... at gunpoint. You see the fact that “stuff happens” is not worth that much until the stuff has really happened.