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Greece will be forced out of the euro regardless of who wins the Sunday elections

from Zero Hedge:

New Democracy. Syriza. Doesn’t matter. According to Citi’s senior political analyst Tina Fordham, chief economist Willem Buiter, and global economist Ebrahim Rahbari, “any new Greek government, regardless of its composition, will struggle with implementation challenges related to the imposition of further austerity measures demanded by the Troika in exchange for further assistance,” and as a result, they “consider it likely that a new troika deal would ultimately fall apart and lead to Grexit.”

Citi notes that there is growing sense among European leaders that “promotion of economic growth can no longer be subordinated completely, even in fiscally unsustainable euro area member states, to the requirements of fiscal austerity,” but no one has any idea what that means.

This seems to be the current thinking, according to Citi:

Read More @ Zero Hedge.com

5 comments to Greece will be forced out of the euro regardless of who wins the Sunday elections

  • dishesdealer417

    I think what it means is that they can’t afford for Greek to exit and default because then they all go down.

    If they ease up a bit on austerity then maybe they can delay and pray awhile longer. Greece will leave but all these people in power only have one hope at this point, ‘please don’t let it fall right now’.

    Maybe there will be a miracle, maybe there will be an asteroid, aliens? who knows they just want to pretend and extend and maybe something will save them.

  • snowmover

    I doubt if anything will change no matter who wins the election. The game will just carry on

  • bubba

    If the greeks leave the euro and go back to the drachma…things are going to really get interesting.

    These little steps are cracks in the elite superstructure…

    Unfortunately, history never seems to happen overnight.

  • TRUTHER

    IF GREECE EXIT EU: THEN THEY HAVE A CHANCE TO REBUILD THEIR COUNTRY AGAIN JUST LIKE ICELAND…

    THE REAL PROBLEM WILL FOR THOSE WHO WILL STAY PLAY AT THE TABLE WHILE NO ONE AROUND THEM…

  • TRUTHER

    THE REAL PROBLEM WILL BE FOR THOSE WHO WILL STAY PLAY AT THE TABLE WHILE NO ONE AROUND THEM…

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