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Thursday, June 4, 2015

Euro Officials will cave, and Greece will skate...

...or at least so it seems at this hour. 

The Euro powers-that-be -- as well as the IMF -- lack the guts to force the issue, i.e., reform of the bloated, ineffectual Greek public sector and its anti-productive labor restraints.

That being the case,  how long before the other sick men of Europe come to call for their concessions ?

Will caving to Tsipras and his buds really contain contagion, or rather speed the Euro's demise ? I'd bet my lunch on the latter.

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