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Greece Gets the Worst of Both Worlds
It appears Greece has ended up paying two costs. It chose first to spurn the EU through a referendum and has suffered a banking system shuttered and a major contraction in its economy. It then spins around and takes a deal that is to most observers worse than the one it turned down the previous week. So it pays for a financial crisis and for more austerity.
Heckuva job, Alexis.
So while the European and US stock markets were having fun and the euro was trading down — never mind what happened in the Athens stock exchange — here is some of the mishegas happening in Greece as they approach nighttime.