Apropos the report, "Grexit looms large over Europe" (June 30), the Greek tragedy is a damning indictment of the state of affairs in the small but historic European nation. That the financial markets stuttered and stumbled across the globe is an indication of worse things to come. With Greece deciding to shut its banks a day before Athens appeared to be heading towards a default on the euro 1.6 billion loan taken from the International Monetary Fund, it is clear its economy is falling apart. The biting austerity measures imposed by the country's international creditors also paints a sorry picture. It would need more than a miracle and an extraordinary effort on the part of Greece to extricate itself out of the mess it has gotten into.
N J Ravi Chander Bengaluru
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