The is a very powerful article from Ambrose Evans-Pritchard, International Business Editor at the Telegraph. It’s a must-read. Check it out!

via Greece should seize Germany’s botched offer of a velvet Grexit – Telegraph.

Clearly, the latest deal is not sustainable. Despite the approval of the deal in Greece, with riots in the streets, it’s questionable whether any Greek government can deliver the latest austerity. It is clear to every expert, Greece needs massive loan write-offs and foreign investment & without it, Greece will again fail. So perhaps the velvet Grexit still offers a way out!

Thoughts?