Russia takes advantage of EU economic crisis to make available Greece the opportunity to defect

Many analysts and European political leaders are only now digesting the ramifications of Thursday's move by Switzerland to de-peg their currency from the Euro, and what it really means to come for the rest of Europe which has now seen one central bank refusing to look lock-step with the ECB within their wish for a plan of Quantitative Easing. But while nations like Germany, Britain, and France require a long critical look at needing to endure an atmosphere of massive money printing, over in Russia they're seeing this turmoil as an opportunity to make use of this economic crisis to put a crack inside EU coalition as on Jan. 16 the Eurasian power offered the beleaguered nation of Greece a method out of their own financial straits should they voluntarily leave the EU and sign up with the new Eurasian Economic Union.
Greece, along with many European countries known inside the financial world because the PIIGS (Portugal, Iceland, Ireland, Greece, and Spain), have been the hub in the financial conditions that have plagued the European Union because the credit crisis of 2008. And even after numerous bailouts through the ECB and IMF over the past five-years, Greece still remains struggling which has a debt to GDP ratio of around 200%.
Interestingly enough, what makes this offer incredibly enticing for Greece is due to a closed meeting that came about on Friday relating to the head with the European Central Bank and leaders in Germany where discussion on the quantitative easing and bond buying program by the ECB wouldn't normally include bonds or toxic assets from Greece. This obviously would depart the Southern European nation unchanged, along with financial issues that are leading citizens to take part in numerous bank runs over the past a few days.
Economic sanctions by the U.S. against Russia are creating a huge amount of collateral damage in Europe, with layoffs and shutdowns occurring in industries like agriculture. Additionally, Germany's powerful business union has put immense pressure upon Chancellor Angela Merkel to deal while using ongoing sanctions since between 3000 and 5000 German businesses have been strongly suffering from Russia's retaliatory actions directed at European imports.
As the Swiss central bank proved on Thursday, nations are quickly dissolving enough bola where it can be every country for itself, with this particular crack of what used to be a solid unity providing opportunities for the country like Russia to add fuel to the fire and potentially accelerate the breakup in the EU coalition. And if Greece around the off chance finds this offer by Russia amenable, then this full breakup from the EU is currently in play, and could also cause detrimental effects against America as the breakup of NATO as well as the dollar too become real and viable options.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Comments on “Russia takes advantage of EU economic crisis to make available Greece the opportunity to defect”

Leave a Reply