Greece should be focusing on pulling out of the Eurozone and launching its own currency.

• By Elliott R. Morss, Ph.D.

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In looking at countries without their own currencies, all the Eurozone remain at risk. While Greece is currently getting the headlines in the Eurozone, the other 4 Eurozone countries highlighted here – France, Italy, Portugal and Spain – are in serious trouble. The most worrying point is that the Euro leaders and Greece are in denial and are not discussing what has to be done to resolve the situation. I see the current Euro/Greek negotiations as futile and a waste of time. Greece should be focusing on pulling out of the Eurozone and launching its own currency. And when there is a general realization this will soon happen, other countries might follow.

The media is doing a more than adequate job of covering the futile dance between the Eurozone “leaders” and Greece. But Greece is not the only country facing fundamental economic challenges. This article identifies other countries in the most dire straits and the problems they face. 

Interesting times!

By Anastasios Retzios

Unfortunately, it appears that the government is about to concede on virtually all the points requested by the troika (or the “institutions” if you like this term).  As I discussed before, it entered into a silly game of “chicken” with the Eurogroup, betting on the support of the IMF.  In the process, it has emptied the state coffers (and those of the municipalities as well).  The IMF got its money but it sided with the “troika”, to the great displeasure of the government.  Did Tsipras and Varoufakis expected, for a single moment, that Langard would side with them?  Yes, they did, amazingly so.  Langard probably hates the very idea of SYRIZA and, again, she probably despises Varoufakis as well.