palandio
Jr. Member
Posts: 1,026
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« on: February 09, 2015, 03:09:11 PM » |
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On the long run I don't see many options:
1. Germany accepts a transfer union.
2. Germany leaves the common currency, at least temporarily (Dexit).
3. Germany gives up its policy of internal devaluation.
4. Endless crisis with the hidden inclusion of option 1.
4b. Uncontrolled breakdown of the currency union.
The chosen option will be 4., Tsipras will fail. The question is not about morale, it is about which kind of national policies are reasonable within a currency union and which are not. The results will be bad for everyone.
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