If Greece is forced out of the Eurozone by the intransigence of the Germany and its allies the chances that the UK will vote to leave the UK will be greatly increased.
Who would have expected Nigel Farage and the liberal Guardian to be roughly aligned in criticising Eurozone leaders, in particular Angela Merkel. But that is what is happening
EU project is now dying. It’s fantastic to see the courage of the Greek people in the face of political and economic bullying from Brussels.
— Nigel Farage (@Nigel_Farage) July 5, 2015
The biggest share of the responsibility for what happens next unavoidably falls on the German chancellor, both because she is, in theory, the strongest of Europe’s leaders and because part of her electorate is resistant to such a plea [for a human response].
The picture is emerging of a German view that Greece is an expendable part of the Eurozone and probably the EU too.
If debt relief is eventually agreed and Greece stays in the Eurozone the picture of a bullying Germany, supported by European Commission President Jean Claude Junker, will remain. It is a picture that will play strongly when the UK votes in the referendum on EU membership.
Ladbrokes, the bookmakers yesterday said yesterday odds on Britain leaving were cut to 3/1 from 7/2. Odds can and will change but they are a warning to those who want to stay in that they are going to have to campaign much harder.
The complacent view that the majority of UK voters support continued membership is no longer enough. But the argument becomes more difficult.