There is a new word: Grexit.
Citigroup:
"On the upside they argue that the costs of Grexit to the rest of the euro area would be "moderate", as they "expect post-Grexit fear contagion would be contained by policy action, if needed."
But the fact the damage would be lighter makes such a Grexit more likely. And with Greece currently struggling to secure reform pledges from its public sector and its wider population, willingness to help has diminished somewhat."
Guardian UK: Only a cynic would suggest that global warming might improve the British climate before Greece agrees a deal with its creditors.
They are translating the document because last time the politicians that signed it could not all read it, and admitted that although they committed to these austerities they didn't know what they agreed to! I'm sensing that people are getting so tired of this story that they don't care what happens they just want to move on. So do I.
Elmer and Co. must be waiting to see this document get signed at this point and the general mood improve before he releases the Feasibility. It would be mad to release it just these days. Or, they are negotiating.
