The threat of suicide
”(…) What these Greeks don’t realize is that the way they are holding Europe hostage is by threatening suicide.
To begin with, the biggest holders of Greek debt are Greek banks. If Greek banks fail, every Greek with a checking or savings account loses. Worse still, international faith in Greek businesses would be lost.
Many of the gains from economic integration over the last 25 years would be reversed, including the transformation of Greece from being nearly a Third World country to having a fully modern economy (albeit a quirky, over-regulated one).”
(Via Why Greeks are angry, scared — and trapped | CNN.com .)
