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But really, what could they do? Do they have everything under control as they say? Would they cut off the "aid"? what would happen if Greece goes to elections with the prospect of an ECB defeat, especially if the left (which using considerable laxity in its definition, was estimated this Sunday at 26%, with 40% non-voting) was seen to be potentially more than an annoying detail? Would they risk blowing up the eurozone edifice? Are they really ready to handle the domino effect? And could an out of control Eurozone member (with all that might imply for EU safety) be tolerated?

The road of excess leads to the palace of wisdom - William Blake
by talos (mihalis at gmail dot com) on Tue Jun 14th, 2011 at 04:45:02 PM EST
[ Parent ]
Would they cut off the "aid"?

That's exactly what the Bundesbank boss was suggesting (albeit in veiled form). But, I think the question is not whether the threats are credible, but whether Greek parliamentarians are capable of thinking the "unthinkable".

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Wed Jun 15th, 2011 at 03:02:52 AM EST
[ Parent ]
Greece goes to elections with the prospect of an ECB defeat

To paraphrase askod's sig line:

A vote for PES is a vote for the ECB! A vote for EPP is a vote for the ECB! Support the ECB, vote EPP-PES in 2011!

Economics is politics by other means

by Migeru (migeru at eurotrib dot com) on Wed Jun 15th, 2011 at 03:53:46 AM EST
[ Parent ]

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