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Wednesday, May 13, 2015

Game Over For Greece

With less than Euro100M left in the kitty, yesterday's farcical escrow raid to pay the IMF and the IMF pulling the plug on participating in any future bailouts it is game over for Greece.

Despite believing in the irrevocable nature of the eurozone experiment (even though all currency unions end in failure) the members of the eurozone are now putting together a loan package to hand over to Greece when it exits the eurozone.

At best Greece might have just under a month left. However, it is quite probable it exits any day now.

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