Isto é um: David Owen, Europe economist at Jefferies, said Greece was “too big to fail” whatever they may say in Germany. “They cannot let Greece go because it would set off a euro crisis and cause markets to focus the debt dynamics of the next countries in line, Portugal and Spain.”
Ou o outro: There is a view in certain circles of Germany’s Free Democrats and Bavaria’s Social Christians, as well as pockets of the ECB itself, that a refusal to rescue Greece would be a salutary lesson to others that breach the rules. Greece’s ejection from EMU might (in their view) strengthen the eurozone. The question is whether such people will determine the outcome.