There
is no shortage of viable plans for a departure from the eurozone or,
in some instances, the EU. All require a measure of fortitude and
adaptability–a willingness to step beyond what is, in fact, a very
uncomfortable comfort zone. The question is whether the Greek ethos
can rise to this challenge.
by
Michael Nevradakis
Part
1
In the
second and previous installment of this series, which generated a
great deal of consternation — reflecting the inferiority complex
and pro-EU dogmatism prevalent in much of Greek society — the grim
future Greece would face by opting to retain its protectorate status
with the EU and eurozone was examined.
It was shown
to be a future of essentially perpetual austerity and almost no
upside prospects. An array of good reasons for considering the Grexit
alternative — departing those trans-national power centers and
restoring a measure of cultural and currency independence — were
presented.
Rumor still
has it, however, that there is no practical pathway to that end, even
if the end itself were conceded to be desirable. It is widely claimed
that no one has ever presented an articulate departure plan.
The reality,
however, could not be farther from that canard. The fact is that
multiple economists, scholars, and analysts have presented a variety
of plans regarding how Greece or other eurozone member states could
leave the common currency bloc, or how a European Union member-state
could depart from the EU entirely.
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