Friday, February 10, 2012
And there you have it...
It seems very likely that Greece would rather go down on their own terms. You can't really overstate the importance of Venizelos simply elucidating that they have a choice. Leaving the EU has always been framed by eurocrats as unthinkable.
By Jonathan Stearns
Feb. 10 (Bloomberg) -- Greek Finance Minister Evangelos
Venizelos said his country must decide if it will remain in the
euro or not, and the decision must be made before a meeting of
euro-area finance chiefs on Feb. 15.
“This is a time of difficult decisions,” Venizelos told
reporters in Brussels late yesterday after euro-area finance
ministers met to discuss a second rescue for Greece. “No one
can hide behind another.”
Greek parliamentary support for the program and written
commitments from the country’s main political parties backing
the government in support of the austerity program will be key,