As EU leaders head into an this week’s emergency talkssummit [WHICH DAY? DO WE NEED TO TWEAK FOR TUESDAY’S PAPER VERSION?] , they face a choice between of three hazardous routes out of the Greek crisis. Route one involves making major big concessions to Greece. Route two involves standing firm and allowing Greece to leave the euro. Route three involves Greece Athens largely accepting the demands of its creditors.
The choice seems stark. But the truth is that all three routes may ultimately lead to the same destination: the destruction of the European single
currency. The lengths of the journeys would vary, the scenery along the way would look different - but the end point could still be the same.