What happens if Greece is pushed too far?

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Another week in the history of the European economic mess and, aside from the Ukraine, it’s all eyes on Greece.

As I mentioned 2 weeks ago I feel this entire episode is far too politically innocent on the Greek side and the idea that the Greeks could simply front up to the Troika and say “let’s not do this your way, we’ve got a better plan” was completely naive and remiss of the last 5 years of economic stupidity in Europe. I also noted that although I thought this was likely to be the first volley in possible a long tussle, the Eurozone core were playing a rather dangerous game.

Sure Syriza isn’t running an anti-Euro campaign like Le Pen, but this is a very clear political shift in that direction from the Greeks . If Syriza fails on its own anti-austerity mandate because of what is seen as bullying from the rest of Europe the next step is surely Grexit via a party even further disconnected from the EU. Europe may believe it has it’s firewalls in place to deal with such a thing, maybe it does, but it’s a very slippery slope , especially if the Greeks took it in their stride and came out the other end better off. What then for the likes of Italy ?

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