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They should also be secretly continuing to explore the possibilities of an agreement with Russia and China. Greece could become the European terminus of the New Silk Road with further Chinese and possibly Russian development projects in Greece and, in any case, they need access to the payments system operated by China. This will prevent them from being cut off from foreign trade. They could buy Iranian oil via the Gulf and Suez canal or from a Russian Black Sea port pending construction of a pipeline under the black sea. They could settle through Hong Kong. And they should be able to maintain a mixed economy to whatever extent they desire.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere." (But it helps!)
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Apr 4th, 2016 at 08:29:26 PM EST
[ Parent ]
My reaction to Varoufakis's Guardian piece was also that Greece does not have to leave the EU to go off the Euro. The benefits he discusses are from the EU, the damages are from the Euro. Every country other than the trade surplus nations should leave - now preferably.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere." (But it helps!)
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Apr 6th, 2016 at 11:30:16 PM EST
[ Parent ]

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