Greece’s deteriorating fiscal crisis reached new heights as the Referendum proposed by Greece’s Syriza party put an end to the possibility of a fast resolution to the ongoing debt talks.
We bring you a selection of the most telling tweets from Europe and North America for both sides of the debate on the current situation.
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The opposing view points on the referendum can be summarized by FT’s excellent coverage on the debate: Read More @FT: Europe’s Dream is Dying in Greece:
The Grexit position:
“…The danger now is that, just as Greece was once a trailblazer in linking a democratic transition to the European project, so it may become an emblem of a new and dangerous process: the disintegration of the EU. The current crisis could easily lead to the country leaving the euro and eventually the union itself. That would undermine the fundamental EU proposition: that joining the European club is the best guarantee of future prosperity and stability.”
The Pro-EU proposition:
“… EU works only because it is a community of laws and mutual obligations. If you allow a country such as Greece to flout those laws and obligations — by, for example, reneging on its debts — then the club will begin to disintegrate anyway. If, by contrast, you kick Greece out there is still a chance of confining the damage to one country.”
Here are the current conversations:
UK – anti austerity rally; dos of skepticism towards EU solidarity
Greece – Both #YES and #NO will prove to be difficult choices
Unites States: Outsider’s view?
