So Greece voters have said no. It isn’t clear what will come next; in fact, whatever path the voters took would lead to an unknown.
But there is a sure winner in all of this.
If you wanted to break the burden of funding others, but didn’t want to get “blamed” for cutting the purse strings, what would you do? If you carried the public burden of several times before shattering the peace and didn’t want to be blamed again, how would you approach the situation?
“Play by the rules,” you would insist. “A deal is a deal.”
The winner? Say Germany wants out – wouldn’t you do exactly what the German politicians and technocrats have been doing?
Some say Merkel has egg on her face. I am not so sure.