#Greece 2015.7.2 – Why This Is Happening

oped_300The problem that is driving the entire Greek crisis

ECB unable to carry out massive QE

The big hurdle is the Bundesbank and Germany

How to clear hurdle?

Public opinion in Germany and opinion of German politicians needs to be changed.

A humanitarian crisis in Greece is being used to shame these resistors into submitting to massive QE.

Why the referendum?

To create chaos and uncertainty that could lead to crisis

Yes or No answer in the referendum makes no difference.

“No” will delay agreement. Banks will remain closed indefinitely

Germany/Europe will use bank closures to put pressure on Greek government

Greek government will use bank closures to put pressure on Germany/Europe.

“Yes” will delay agreement until new elections held.

Germany/Europe will use bank closures to put pressure on Greek government

Greek government will use bank closures to put pressure on Germany/Europe.

Either way the ECB wins. They will be called upon to rescue the situation and in turn be granted massively enlarged powers.

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