Eurozone To Impose Capital Controls On Greece If No Deal By Weekend: German Press

It looks like we’re going to see a painful first shot fired at Greece if they can’t come up with a deal. What exactly will happen out of this is anyone’s guess, but here are three (but not limited to) possible scenarios while Germany’s Fourth Reich drops the hammer:

  • Greece capitulates and is brought to its knees and becomes a German vassal state like Cyprus. (40% chance)
  • Win-win situation for all is found with dual economy compromise. A dual economy with weaker EU nations on the periphery and two currencies as in Cuba. (40% chance)
  • Grexit with a following meldown of the world’s largest economy, the European Union. (20% chance — less likely due to high strategic importance and national security of Europe)

 

Just as we hinted earlier when we reported that the ECB may use the “nuclear option” on Wednesday and yank Greek ELA, here comes German Suddeutsche Zeiting [sic] with a report that Eurozone countries have reached a Greek emergency plan (yay)… which calls for the imposition of capital controls on Greece if no deal is concluded by the weekend (oh no). Continue reading