The Business Times
SUBSCRIBERS

Greece will stay in the euro - but must show it feels a part of it

Getting there, however, will be a rocky road, not helped by the lack of clarity on what Prime Minister Alexis Tsipras really wants.

Published Thu, Jul 9, 2015 · 09:50 PM

THE conclusion first! Greece will stay in the euro. Agreement with the creditors will be reached and it is not difficult to see how it will look.

The challenge lies in tracing the route there. It will probably be a bumpy ride, messy-flavoured with mutual accusations, disagreement among eurozone members, drama, walkouts and statements that "now it is all over".

But, with a lot of luck, a solution may be found in the coming weekend, but it is possible that it will take three months. Tempers need to cool down on both sides for a clear-eyed appraisal of the situation.

Greece can stay formally in the euro over three months even if …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Columns

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here