@Calestous“@BusinessDesk: Angela Merkel hints at future writedown of Greek debt http://gu.com/p/3c8y8/tf ”Could this be sustained for all debtors
@azzubairm Nobody doubts that there will be economic costs.
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@Calestous And political costs, you might add! -
@azzubairm Of course--such a massive transformation comes with risks. -
@Calestous I suppose our discussion was really about which of the costs will be rejected when the EU is ultimately faced with a choice? -
@azzubairm In politics decisions and choices are not always rational. -
@Calestous I agree; we only disagreed on which will take precedent in this instance, where National self interest will dictate. Watch the UK -
@azzubairm The UK was never fully in anway so their would be in keeping with their reasoned caution. -
@Calestous I agree; however, even the others would contemplate similar steps or be pushed if the costs of their stay isn't tolerable.
End of conversation
New conversation -
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