The Ultimate Game Of Chicken Has Begun In Europe

Thursday, June 21, 2012
By Paul Martin

Joe Weisenthal
BusinessInsider.com
Jun. 21, 2012

Prior to Greece’s election this Sunday, the assumption was that if left-winger Alexis Tsipras won, and steadfastly refused to comply with the current bailout, then a huge game of chicken would commence.

Would Tsipras back down (risking future bailout money?) or would Europe back down (out of fear of a Greek exit).

But Tsipras did not win, and so the assumption was that the Samaras government would quietly renegotiate the bailout (modestly).

However the idea of a quiet and modest renegotiation is not how things have started off.

The Rest…HERE

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