by James Corbett, The International Forecaster:
How Will the Greek Drama End? There is a drama of epic proportions unfolding in Greece right now. It’s surely not a comedy, but will it end in tragedy? Stay tuned.
The story so far: The Greek people defied the majority of the world’s expectations on Sunday by voting “no” to the Eurozone’s bailout proposals. What does this mean? No one knows yet, and don’t believe anyone who tells you otherwise. The word on the street are that the options on the negotiating table at this point are:
a) Back to square one looking for a new bailout deal with bigger and better structural reforms than ever before!
b) The Greek government could start a “parallel currency” by issuing promissory notes to key creditors, or a kind of ‘lesser euro’ within the Eurozone itself.
c) Greece could officially declare bankruptcy and be ejected from the Euro.
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