A woman walks past the image of the Parthenon on a bus. Picture: Reuters
Greeks In Denial As World Warns Of Drachmageddon -- Scotsman
IN A land of ancient mythology, modern Greeks have created some new myths about their near-bankrupt country’s future as an integral part of a Europe that will never kick them out.
Cassandra-like warnings from abroad that Athens cannot stay in the euro while rejecting the terms of its international bailout are widely disbelieved.
In Berlin yesterday, Alex Tspiras, the leftist leader many observers outside Greece see as being the chorus of this denial, once again warned that austerity championed by German Chancellor Angela Merkel could bring down the entire eurozone. A threat he believes is enough to make sure support of Greece continues, no matter what.
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My Comment: I am sure that many Greeks realize that they have a problem. What they are in denial of is on what it will take to get out of it .... or more to the point .... the sacrifices that they must implement to get out of it.
Update: Europe's Big Fat Greek Heart Attack -- Mohamed A. El-Erian, Foreign Policy