The German Chancellor has decided to do the only thing she was ever going to do.
It will come as no surprise to committed Sloggers that Spiegel today carries a story saying that Angela Merkel will not be allowing Greece to exit the eurozone.
On May 28th this year, I posted this:
‘Finally – and this is the last time I’ll say it – Greece isn’t going to leave the eurozone: Draghi won’t let them, the Greeks themselves are wrongly terrified by the idea, and anyway a more pro-bailout Party line-up will emerge after the June 17th elections. Somehow in some way, there will be a compromise at the end of a long stand-off.’ Continue reading