Home euro-exit Mike Norman Economics Alexrpt — No deal on Greece today. EU schism with France on one side and Germany on the other

Alexrpt — No deal on Greece today. EU schism with France on one side and Germany on the other

Mike Norman Economics 2015-07-12

At the euro-circus, the clowns are throwing cream pies at each other now. Pleaz pass the popcorn.
Whatever happens, there are going to be consequences and then the recriminations begin. 
Recall that the US leadership was following the rules of neoliberal capitalism when it decided collectively to put Lehman under. Then the sky fell in.
As Paul Krugman recently pointed out, no one knows the consequences of various scenarios being advanced, least of all Grexit, which Germany is pushing for.