Newsnet Scotland: As debt negotiations stall, are we all Greeks now?


By Russell Bruce

THE events of the weekend have exposed the flaws at the heart of Europe. The European Central Bank (ECB) is supposed to be independent and work to provide stability throughout all parts of the Eurozone.

According to the famous American economist Paul Krugman, the 18 other Eurozone countries gave Greece an ultimatum that it knew the Syriza led government could not accept. So did they not therefore anticipate the consequences? There has been much talk of forcing a change of government. If a new election was forced and Tsipras resigned, any new government could be a bigger unknown.

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Picture courtesy of Theophilos Papadopoulos