THE Greek government has been advised by British economists to leave the euro and default on its €300 billion (£255 billion) debt to save its economy.
The Centre for Economics and Business Research (CEBR), a London-based consultancy, has warned Greek ministers they will be unable to escape their debt trap without devaluing their own currency to boost exports. The only way this can happen is if Greece returns to its own currency.
If I were conspiratorially inclined, I'd ask which clan of aristocratic billionaires is funding the CEBR. Has the House of Windsor thrown in its lot with Atlanticists who no longer see a unified Europe as being in the elite's interests? This would be tantamount to the rebirth of Great Britain's historic role as the guarantor of the balance of power in Europe. Note the timing mentioned in the article; the CEBR's chief expects a Greek decision this week that will herald the euro's "last weekend."
Maybe things could unravel rather quickly. Have you forex dudes sold your euros yet? I've still got some old pre-euro continental coins laying around somewhere, so they might be useful as more than just museum pieces.