Greece is still the talk of the town. Pundits talk of the Grexit across media. Below are some great charts by Thomson Reuters describing the Grexit dilemma.
In the wake of Greece’s inconclusive elections, a caretaker government has stepped in to run the country until a new round of voting can take place and – hopefully – a coalition of some sorts can be cobbled together that is able to formulate some kind of coherent policy response toward the Greek economic malaise and reduce the political turmoil. Meanwhile, those same Greek politicians that must find a way to appeal to an angry and disaffected electorate also must combat pressure from outside the country. The president of the European Commission, José Manuel Barroso, simply stated bluntly what many pundits have been saying quietly since the elections early this month revealed the magnitude of the challenges confronting any new Greek government when he took to the Italian airwaves recently. “If a member of a club does not respect the rules,” he proclaimed, “it’s better than he leaves the club.”