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Disorderly Greek Default and Exit from Eurozone?

London, UK - 4th November 2011, 7:55 GMT

Dear ATCA Open & Philanthropia Friends

[Please note that the views presented by individual contributors are not necessarily representative of the views of ATCA, which is neutral. ATCA conducts collective Socratic dialogue on global opportunities and threats.]

1. The possibility of a disorderly Greek default is now rising;

2. It is worth watching the Greek military which was on the verge of causing a coup earlier in the week;

3. Until the defence chiefs of different branches were hastily dismissed and a referendum on the IMF-led bailout and euro membership was announced;


Violence in Athens over austerity measures

4. Under pressure from Germany and France, plans for a referendum have now been cancelled in favour of an unavoidable snap election;

5. The Greek government is on the verge of collapse as the process of disintegration at the centre accelerates;

6. The incumbent prime minister is likely to resign having lost the confidence to govern outright;

7. A new coalition care-taker government may come into play in the interim;

8. There are likely to be serious costs for the Greek economy, more than many of the population realise at present;

9. The political and economic uncertainty will cause further capital flight not only from Greek financial institutions but also other Eurozone members as well;

10. Eventually, Greece may end up defaulting and exiting from the euro in the not too distant future;

11. Consequences for Italy and Spain in terms of the cost of issuing and servicing debt at rising rates may not be benign as they are pushed to the brink;

12. This may cause the Eurozone to dive into a tailspin and European banks to wobble; whilst

13. Eroding the already fragile confidence in the global financial markets and propelling the world’s major economies towards a negative growth trajectory.

[STOPS]

What are your thoughts, observations and views? We are hosting an Expert roundtable on this issue at ATCA 24/7 on Yammer.

[ENDS]

Expert Roundtables

Expert roundtables are the newly launched ATCA 24/7 Q&A private exclusive club service. They seek to become the killer application in strategic intelligence by delivering an unprecedented competitive advantage to our distinguished members. They can only be accessed online at https://www.yammer.com/atca

Q1: How to become a privileged member of ATCA 24/7 to participate in the expert roundtables?

A1: i. If you are a distinguished member of ATCA 5000, ATCA Open, The Philanthropia or HQR affiliated groups you may be allowed to become a privileged member of this new and exclusive private club.

ii. If you are pre-invited, visit the private intelligence network -- PIN -- by going to https://www.yammer.com/atca [Note: In https:// 's' is for security and encryption]

iii. If you don't have membership of the PIN yet, email the mi2g Intelligence Unit at intelligence.unit at mi2g dot com for an exclusive invitation.

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A3: ATCA 24/7 has now created an exclusive private intelligence watering hole and expert roundtable at the highest level where interesting and sophisticated questions are being asked from around the world, and intelligent answers are being provided, almost always by experts who have deep domain-specific knowledge. Come and check out the exclusive club, take it for a strategic test drive, which sign-of-intelligent life are you waiting for?

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Best wishes


ATCA: The Asymmetric Threats Contingency Alliance is a philanthropic expert initiative founded in 2001 to resolve complex global challenges through collective Socratic dialogue and joint executive action to build a wisdom based global economy. Adhering to the doctrine of non-violence, ATCA addresses asymmetric threats and social opportunities arising from climate chaos and the environment; radical poverty and microfinance; geo-politics and energy; organised crime & extremism; advanced technologies -- bio, info, nano, robo & AI; demographic skews and resource shortages; pandemics; financial systems and systemic risk; as well as transhumanism and ethics. Present membership of ATCA is by invitation only and has over 5,000 distinguished members from over 120 countries: including 1,000 Parliamentarians; 1,500 Chairmen and CEOs of corporations; 1,000 Heads of NGOs; 750 Directors at Academic Centres of Excellence; 500 Inventors and Original thinkers; as well as 250 Editors-in-Chief of major media.

The Philanthropia, founded in 2005, brings together over 1,000 leading individual and private philanthropists, family offices, foundations, private banks, non-governmental organisations and specialist advisors to address complex global challenges such as countering climate chaos, reducing radical poverty and developing global leadership for the younger generation through the appliance of science and technology, leveraging acumen and finance, as well as encouraging collaboration with a strong commitment to ethics. Philanthropia emphasises multi-faith spiritual values: introspection, healthy living and ecology. Philanthropia Targets: Countering climate chaos and carbon neutrality; Eliminating radical poverty -- through micro-credit schemes, empowerment of women and more responsible capitalism; Leadership for the Younger Generation; and Corporate and social responsibility.



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