Thursday, June 4, 2015
Euro Officials will cave, and Greece will skate...
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.