{"id":9330,"date":"2015-06-22T06:35:51","date_gmt":"2015-06-22T11:35:51","guid":{"rendered":"http:\/\/olduvai.ca\/?p=9330"},"modified":"2015-06-22T06:35:51","modified_gmt":"2015-06-22T11:35:51","slug":"geopolitics-will-trump-economics-in-greece","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=9330","title":{"rendered":"Geopolitics Will Trump Economics in Greece"},"content":{"rendered":"<h3><span class=\"Apple-style-span\"><a href=\"http:\/\/www.europac.com\/commentaries\/geopolitics_will_trump_economics_greece\" target=\"_blank\">Geopolitics Will Trump Economics in Greece<\/a><\/span><\/h3>\n<p>Based on the continued failure of the negotiating parties to make any substantive progress in the talks over Greek debt payments, the financial world is tied up in knots over a possible Greek exit from the European Union. The uncertainty has manifested in both high and low finance, with a sharp sell-off in bonds, particularly EU and Greek government debt, and\u00a0heightened retail withdrawals\u00a0from Greek banks\u00a0as depositors become wary of capital controls that would be imposed in the case of an exit. All concerned parties should likely breathe easier. Despite Greece&#8217;s almost complete lack of financial integrity, neither NATO nor the EU can afford the political cost of a Greek exit from the EU.<\/p>\n<div>\n<div>The unacceptable specter lurking behind the EU negotiators is that, if Greece is shown the door by the EU, Russia or even China might step in to provide financing to Greece in return for a strategic foothold in Western Europe and gateway to the Eastern Mediterranean. This is a possibility that Europe\u00a0cannot abide. In short, international political ramifications will trump any economic or financial issues.<\/div>\n<div><\/div>\n<div>As reported several months ago in this\u00a0<a href=\"http:\/\/www.europac.com\/commentaries\/greek_problems_born_socialism\">column<\/a>, modern Greece has been used continuously by Europe as a bulwark against unwanted incursions. In the 1820s,\u00a0Greek independence from Ottoman Turkey was financed and supported by Western powers as a way to contain and rollback Turkish influence in the Mediterranean. In the 20th\u00a0Century,\u00a0Greece became a key battleground of the Cold War, with the West expending considerable blood and treasure to ultimately\u00a0keep\u00a0socialist Greece from falling into the Soviet orbit.<\/div>\n<div><\/div>\n<div>&#8230;click on the above link to read the rest of the article&#8230;<\/div>\n<div><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Geopolitics Will Trump Economics in Greece Based on the continued failure of the negotiating parties to make any substantive progress in the talks over Greek debt payments, the financial world is tied up in knots over a possible Greek exit from the European Union. The uncertainty has manifested in both high and low finance, with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[110,130,149,195,200,279,284,1167,4188,553,694,818,862],"class_list":["post-9330","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-capital-controls","tag-china","tag-cold-war","tag-debt","tag-default","tag-eu","tag-european-union","tag-greece","tag-mediterranean","tag-nato","tag-russia","tag-turkey","tag-war"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9330"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9330\/revisions"}],"predecessor-version":[{"id":9331,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9330\/revisions\/9331"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}