Is Greece About to Play its Geopolitical Trump Card and Ignite a Chain Reaction Across Europe?

Over the past couple of months, I’ve at times been a strong critic of Greek leadership’s seeming unwillingness to demonstrate the courage necessary to flip the bird to EU bureaucrats and usher in paradigm level change for the long suffering nation. At the core of the problem seems the be the mandate under which Syriza was elected — namely to end austerity, but remain in the euro.

This presents a serious problem, since the threat of leaving the euro is the only real leverage the Greeks have. If they aren’t willing to risk that, then they aren’t really willing to risk much of anything. The key issue facing Tsipras and Varoufakis seems to be how they can take bold action while at the same time reducing the severity of the immediate pain certain to come in the short-term…

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