Mr Greenspan, chairman of the Federal Reserve from 1987 to 2006, said: "I believe [Greece] will eventually leave. I don't think it helps them or the rest of the eurozone - it is just a matter of time before everyone recognises that parting is the best strategy.
"The problem is that there there is no way that I can conceive of the euro of continuing, unless and until all of the members of eurozone become politically integrated - actually even just fiscally integrated won't do it."
more here :
http://www.bbc.com/news/business-31249907I think the Greece will never go out from the Europe, what do you think guys ?
I'm not so sure about Greece reforming itself enough to keep her EMU membership. Greece due to her own geography have difficulties in collecting taxes (
1,
2) and concentrating capital in accordance with the needs of the state. Also due to the same financial constraints the question for Greece is whether it will be able to accept its much-reduced geopolitical role. Reducing the huge defence budget require an agreement with Turkey so that Greece have not to see Turkey as an existential threat anymore; however, this is easy said than done (
3,
4). Alternatively, Greece needs to find a way to become useful again to one or more great powers - as an example her recent try to court Russia - so to receive from them financial subsidies (
5).
You say the Greeks are courting a Russian bailout? My guess is the Bear is in no position to bail out anybody. When times get tough go to war - it's a simple solution to unemployment especially in the defense economy sector.
Maybe someday after petroleum is all pumped and burned, the EU will become a de facto satellite of Russia or freeze. Not going to see a trans-Atlantic natural gas pipeline anytime soon.