You may not think the future of Greece in the European Union is a big deal for the UK individuals, many of whom have never visited the country. It is. A lot rides on whether ANY country leaves the EU. In the case of Greece, it’s all about the money. They owe a fortune in debt, and almost every week there’s a further flurry of negotiations in an effort to sort that out. The problem is nothing really gets resolved so the crisis continues.

‘What’s that got to do with me’ I hear you ask. Well, a lot actually. If Greece leaves, then there is a precedent other countries can use to leave too – including the UK. And that’s not all. A ‘Grexit,’ as it has been called, increases the prospect of a ‘Brexit’ – the departure of the United Kingdom from the EU.
Until now, it has been presented as inconceivable that any existing member of the European Union could possibly walk away when it has entered of its own free will. Thus, one nation going would signal the potential exiting of others.

Again, you might challenge the significance for individuals in the UK. If we leave, there’s a huge implication in terms of our ability to travel around the EU, work there and sell our products there. There’s no possibility at all of the EU leaving our access to the rest of the union un-challenged. If nothing changed for us, then nothing would change for any other country which chose to cut its formal ties with the alliance of nations. As such, there would have to be a punishment for that decision – otherwise there would be no real motivation for anyone to stay in. And those are the stakes created by Greece.

So what will happen? Despite putting the squeeze on Athens, Germany – the most powerful country in the EU – will do all it can to find an accommodation for Greece to remain a member. This will mean some dodging and diving around debt repayments. But pro-EU advocates believe that cost is lower than a fragmented continent.

On the other hand, it’s obvious Greece is not keen on being told what to do by others. That’s a sentiment shared by millions in the UK too. So, we observe powerful forces awakening. In Greece, it’s a high energy stand-off and, as things are, there is no way of telling who is most likely to win out. The same is true in the United Kingdom. All we can say with confidence is that, if Greece goes it alone, the likelihood of the UK doing the same increases.