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If this summer's negotiations were a deliberate chess move, they are akin to manoeuvring yourself into a Fool's Mate. Closing all banks for the largest part of
by MagnumOpus 11y ago
If this summer's negotiations were a deliberate chess move, they are akin to manoeuvring yourself into a Fool's Mate.
Closing all banks for the largest part of a month sinks your economy at a faster pace than any austerity ever could. The country was on the path to recovery since last year but this summer has caused another implosion in economic activity similar to a devaluation - all without getting the eventual side benefits of an actual Grexit.