A Grexit would not be a catastrophe for all Greeks

With no deal reached between Greece and its creditors, there remain doubts as to whether the country will be able to make its next debt repayment to the IMF. Gregory T. Papanikos assesses the consequences of a ‘Grexit’ for the people of Greece. He argues that the Greek government has proven itself incapable of negotiating with other members of the Eurozone and that the fallout from Greece leaving the euro would fall disproportionately on the poor.