Grexit

The Greeks do not — indeed cannot — pay their debts and yet they do not want to leave the euro. Something has got to give

‘What happens if Greece can’t pay its enormous debts back to the ECB? Inevitably, the banks from Germany, the netherlands and Finland will have to pay’

‘It is not rational to delight in a eurozone collapse. But the euro has become the supreme icon of all we despise about the EU’