With friends like these….
But what do they know that others don’t?
Will Greece’s new heroes of democracy fold and kowtow to the Troika’s demands, as every government has done since the Eurozone debt crisis began?
The Greeks have lost their sharpest weapon: the financial markets.
“You just killed the Troika.”
The “Syriza Shock” – beginning of the end of unimpeded rule by elitist apparatchiks who dominate central banks and the economic policy machinery.
Overriding dilemma: “Debts that can’t be repaid, won’t be repaid.”
They don’t want to be the next Cyprus.
Official secrecy, obfuscation, and deception rule.
Any lingering hopes that the debt crisis was put to rest are brutally dashed. Investors are bailing out: Greek stocks down 20% in three days.