Europe is once again in the midst of a standoff, a battle of wills and nerves over the issue of Greece’s unsustainable and insurmountable debt, and the growing possibility of a “Grexit” from the Eurozone.
A number of doomsday scenarios are being projected, including potential financial chaos, social unrest, even an eventual dissolution of the European currency union should contagion spread to weaker economies within the European Union (EU).