Monday, July 6, 2015

Greece Says No

Greek voters rejected, by a vote of 62% to 38%, the EU's austerity program. It's not clear what the next move is going to be or what it "means." But it's interesting to see what didn't happen.

1. The world didn't end

2. The world economy didn't collapse.

It's possible that the kingpins of the EU, especially Germany, have already accepted, and might even want, Greece to leave the EU. Otherwise, they wouldn't have taken such a hard line. Maybe the EU should've have stayed simply as a Common Market, and not try to become a "United States of Europe."

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