We wrote earlier about divergence in the U.S. stock market going into 2015. Here's divergence of another kind as crisis revisits Greece as if it ever went away.
If Syriza were to come to power, it would be the first of the radical new European parties that have sprung up since the crisis to form a government. Whether it would be able to extract meaningful debt relief from a German-led Eurozone that seems as determined as ever to prioritize structural reform and fiscal discipline isn’t clear, but the negotiations would certainly be as loud and as tense as anything seen since the Eurozone debt crisis erupted, in Greece, four years ago.
http://fortune.com/2014/12/09/crisis-returns-to-greece-as-pm-gambles-on-bailout-endgame/
Bailing out Greece further could be the first domino in the unraveling of the EMU. Recall, however, Romano Prodi's 2012 statement when he was President of the European Commission. http://www.thedailybell.com/news-analysis/3629/EUs-Prodi-Admits-Leaders-Knew-Euro-Would-Cause-Ruin-but-Hoped-Political-Union-Would-Follow/.
Of course, anyone who suggests that the EU is being forced on the people of these diverse countries without benefit of a democracy will be called the usual names MSM and their fellow elitists reserves for outliers.
http://www.thedailybell.com/news-analysis/35893/EU-Shock-Report-Elites-Plot-a-Europe-Forged-by-Crisis/
But then our belief is: Let each man be persuaded by the consciousness of his own mind. Enjoy the reads.
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