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Debt crisis: How Greece's euro tragedy turned into a farce at the end

Jul 14, 2015    

The Greek Tragedy which was expected to lead to a Grexit, has gotten diluted to a Greek farce looked at either which way. The third bailout package which can now be called the BP-3 (just like the QE-1, 2, and 3 of the Federal Reserve) superseding the other two worth 240 billion for 86 over three years, can have two outcomes. The first is that the Greek Parliament rejects it in which case the exercise of working overnight becomes futile. The other is that it is accepted, in which case the question can be asked as to why did Greek Prime Minister Alexis Tsipras create a commotion with the default...

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