If policy does not change, leaving the € altogether will be the superior alternative for Greece. They have nothing to gain by beating around the bush about this. Six months ago, it looked like the € might still, overall and in the long view, be a good idea for Greece. Back then, circumspection was indicated.

And six months ago, you could have made the case for the Greeks to be circumspect out of a sense of European solidarity. But enough is enough. If the creditor nations want to play every country for itself, then the debtor nations can only continue to take the high road for so long.

- Jake

Friends come and go. Enemies accumulate.