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Published on May 21, 2012
The Greek Crisis as it stands between the May and June 2012 elections.
What are the choices for Greece? What are the next steps? What are the facts? Here is a conversation between Greece, and the Troika (ECB, IMF, European Union), that goes through the different possibilities for Greece: -Austerity -Default -Leaving the Euro, and Leaving Europe?
Greece and Europe have to make a choice. I think the point of views of Mr. Tsipras, a leftist who is likely to be the next Greek Prime Minister, and liberal outlets such as The Economist are conciliable. The former thinks that Greece needs to negotiate better with Europe, while the latter thinks that Europe has to be more federal, due to the huge cost of break up.