The Strategic Consequences of “Grexit”

Last weekend, Greece failed to reach an agreement with its three creditors, the European Commission, the European Central Bank, and the International Monetary Fund. A bankruptcy of the Hellenic Republic is now imminent. If it materializes, a so-called Grexit will follow: Greece will be forced to leave the Eurozone — the group of 19 European Union (EU) member states that use the euro as their common currency. Leaving the Eurozone automatically means that, under the EU treaties, Greece will also have to leave the EU.

  • Hard Little Machine

    And NATO as well. But none of that is going to happen. ECB and the EU will break any rule they need to keep them in the fold.

    • ismiselemeas

      Membership of the Eurozone is not a requirement for NATO inclusion.

      • Hard Little Machine

        If they are out of the EU and bailed out by Russia they will get kicked out of NATO.

        • Clausewitz

          The only way a NATO nation will ever get kicked out of NATO is if they declare war on another NATO nation. And even then it’s 50/50. It’s that whole most of the EU is progressive thingy.

          • Hard Little Machine

            That’s almost been what Turkey does. At the least they have flatly refused to cooperate in any NATO operation directed any country with any identifiable population of Muslims. Clearly the rules don’t mean much if anything to NATO.

    • dance…dancetotheradio

      Golden Dawn is coming.
      How are they going to deal with that?

  • Waffle

    When Ontariowe hits the wall, will it be forced to leave Confederation? Say it ain’t so, Joe!

  • Helios Megistos


    Here’s the Gang: Turkish Smugglers in Tandem with “Anti-Racists” Are Filling the Country with Illegal Immigrants

  • AlanUK

    I wonder if Russia will offer to bale out the Greeks?
    Could be interesting …