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The corollary of this is that for quite a few Southern European countries (especially the small ones, but not only), if they go the way of "debt renegotiation" (as in Syriza, Podemos, ....) and opt for exit at some stage then the pain and turmoil will be unbearable in those countries. To the point that we will see suffering and the end of liberal regimes (as the necessary effort to put things "in place" will require some form of authoritarian ruling).

So no, I would not be for immediate exit. As I said: Rock, meet hard place.

by cagatacos on Tue Dec 2nd, 2014 at 09:49:17 AM EST
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