Greece should leave the EMU or capitulate to demands - BBH

FXStreet (Guatemala) - Analysts at brown Brothers Harriman explained that fouling in basketball, or getting a yellow/red card in European football, or a penalty in ice hockey is as much part of the game as the rules themselves and said so too with EMU.

Key quotes:

"Official creditors are casting the issue as Greece should either capitulate to the demands of the official creditors or leave EMU. This is a false dilemma."

"When France unilaterally indicates it will not reach the EU-mandated budget target, no one suggests that it should have a referendum on EMU membership."

"Negotiations and compromises have been repeatedly struck. A solution needs to be found now to put Greece debt on sustainable footing within EMU."