Tuesday, April 7, 2015

Greek exit could cause EU damage

The possibility [of Eurozone breaking up if Greece exits] is high, but it will not happen as the powerful US and European allies will not allow it to happen. Greece will never be able to repay and the allies will still infuse money into Greece. This is not an economic problem, it’s a geopolitical issue. Hardliners in Europe know that if Greece moves out of the EU it will be more damaging for them than Greece as Russian and Chinese are more than willing to help Greece.