Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)

Does that analysis not show a very simplistic and inaccurate understanding of what the consequences would be if there was a Greek exit from euro pushed by the austerity that has been imposed by Europe? All the commentators, even the person who negotiated the Greek write-down of debt, have pointed out that we could face a much deeper recession if Greece is forced out of the eurozone to the degree that output across Europe could drop by 5%. To suggest that the only impact would be sales of feta cheese is utterly simplistic, trivialises the issue and not to mention is insulting to the Greek people who are suffering so much. Is it not the truth and a more accurate analysis that if Greece were forced out of the euro because of the determination of Europe to shove more austerity down its throat, that it could plunge Europe as a whole from recession into depression and trigger contagion right throughout the periphery and into the core of the Europe economy?

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