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Madani Qaidah Lesson No(11 of 22 )part 1

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Grexit is a painful process: Here are 5 steps that have to be taken post Greece's 'emphatic no'

Jul 07, 2015    

The Greek no does not actually say that the people favour an exit, but merely that they are against bailout programmes that are skewed heavily against them. Logically this should lead to the path of exit unless the creditors are willing to ease conditions for Greece, which looks unlikely given that they were not willing to relent earlier. Greece has virtually left it to the troika of IMF/ECB and EC to tell it to leave the euro. Further, another vote on exit cannot be rule out. There are hence, two sides to this story, one from Greece and the other for the euro region.The euphoria in Greece is ...

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