Paul Roderick Gregory: EU calls Greece’s bluff, is Athens going to fold?
Pensioners try to enter a national Bank branch, as Greece reopened banks for pensioners who do not use cash cards for ATM, to allow them to withdraw their pension with a limit of 120 euros, in Athens on July 1, 2015.
The lead editorial in today's Wall Street Journal praised Europe for finally calling Greece's bluff, noting that European bond markets have largely shrugged off Greece’s nonpayment of its International Monetary Fund (IMF) loan. Europe appears convinced that a Greek departure from the Euro will be manageable.
