Syriza Stands Defiant, US tries to calm EU stance while Greenspan predicts Grexit
By:GoldCore
GoldSeek.com
Tuesday, 10 February 2015
– Tsipras to push ahead with counter-reforms “in their entirety”
– Dijsselbloem tells Syriza it must comply with Troika this week or have funding cut from February 28th
– Varoufakis calls the Eurogroups bluff – does not believe EU would risk expelling Greece from Euro
– US apply pressure on EU to keep Greece in the fold, fears “Grexit” would push Greece into Russia’s arms
– Greeks buying gold as insurance against uncertainty
Despite attempts last week by EU technocrats to browbeat the new and inexperienced Greek government into submission, Syriza appear to have grown even more resolute to fulfil their mandate.
Alan Greenspan has thrown down the gauntlet and predicted a Greek exit from the Euro. Noting the contradiction at the heart of Europe Greenspan pointed out that without political unity you can not have a fiscal unity.
“The problem is that there is no way that I can conceive of the euro of continuing, unless and until all of the members of the eurozone become politically integrated – actually even just fiscally integrated won’t do it.”
Greenspan’s words may prove to be prophetic as European rhetoric has become increasingly polarized and the only leader with any real power, Merkel, seems to be captured by special interests within the financial services apparatus. The contagious effects of a Greek exit could be catastrophic for the EU as other debt laden countries eject centrist technocratic parties in favour of new nationalist parties, typically filled with nuevo politicians with very little experience. Watch for swift elections in Italy, Portugal, Spain and Ireland. Should Europe sneeze then the United States could catch the cold. An exit and its repercussions could make Lehman look like a picnic.
The Rest…HERE
