88-Year-Old Retired Central Banker Expects Grexit In His Lifetime

Greece and her allies have spent the last few days engaging in a series of escalating “fuck yous.” And that's got Alan Greenspan thinking...
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It began with new Prime Minister Alexis Tsipras traipsing about Europe asking for a little help and being told, “fuck you.” Tsipras retorted with a, “Fine, fuck you, too! We won’t take your bailout money and we’ll do it all ourselves,” followed Europe saying, “No, fuck YOU! You’ll take that money, you’ll do it on our terms and you’ll fucking like it!” To which Tsipras responded by him asking Angela Merkel if she remembered that guy with the funny mustache and exaggerated way of speaking who did all of that terrible stuff to his country, and whether, if she wants to be paid back the bailout money Greece has already accepted, she might want to pay the, oh, $200 billion or $600 billion in reparations it owes Greece for said stuff? Followed by Angela Merkel saying, “fuck you” once again?

Well, this game of profane chicken has AlanGreenspan pretty certain that you’ll be buying your next round of ouzo shots with drachmas. Probably many, many thousands of drachmas.

”I don’t think it will be resolved without Greece leaving the eurozone,” he told the BBC’s World This Weekend.

“I don’t see that it helps them to be in the eurozone, and I don’t see that it helps the rest of the eurozone … it is just a matter of time before everyone recognizes that parting is the best strategy.”

Some guy who writes for the FTdoesn’t think things are quite that dire. But not by much.

Greece and its European creditors only have a few days left to decide how the country can get through the next four months. European finance ministers have to agree a compromise at a meeting on Wednesday if the funds to cover the government’s spending commitments are to be in place by March. And only when that happens will Athens and its creditors begin to talk about the really important stuff — like the future of the Greek economy.

Alan Greenspan: I believe Greece will eventually leave the Eurozone [BBC]
Greenspan on Greece: Exit from the euro is ‘just a matter of time’ [MarketWatch]
All Grexit needs is a few more disastrous weeks like this [FT]
Greek Leader Tsipras Pledges to Press Ahead on Undoing Austerity Measures [WSJ]
Greece’s new prime minister wants Germany to pay for Nazi war crimes [WaPo]
Germany rejects Greek claim for World War Two Reparations [Reuters]

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