Saturday, June 27, 2015

EuroGroup's Plan B

In the wake of rejecting a bailout extension for Greece (The current bailout will expire June 30), EuroZone officials have moved on to Plan B: Protect the rest of the Eurozone from panic spreading beyond Greece.

Greece, itself, is now in official EuroZone approved panic.

On the otherhand, I'm not sure Greek officials have a Plan B. There has been no indication that the Greek government is ready to print up its own money. With so many in Greece dependent on government handouts, incredible chaos could ensue.

A total collapse of the restrictive government and a move toward freedom for the Greeks could develop, but more likely an even more totalitarian state is on the way.


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