Today the European Central Bank announced that it would not increase the emergency lending authority to Greece and that it would be “adjusting” — i.e., raising — the haircut on Greek collateral. To many, these are words of war. In your view, given the no vote on austerity and the harsh response from from ECB, do you think Greece would be better off leaving the euro?
[poll id=”6″]
With the #ECB showing no willingness to increase the #ELA to Greek banks, and Merkel taking a hard line, it is time for Greece to move on.
— Dan Alpert (@DanielAlpert) July 6, 2015
Photo credit: J. Griffin Stewart via Flickr