Quote:
Originally Posted by Itse
Btw, Tsipras (the Greek prime minister) has just conceded to almost everything the Troika demanded.
(The letter is available online, but unless you have been actually following the negotiations you won't get much out of it.)
The German financial ministers immediate response to this was that it "does not solve anything".
It's starting to look more and more like the only real goal of the negotiations anymore is bringing down Tsipras and Syriza. |
Isn't Tsipras still going ahead with the referendum though? So while he is suddenly conceding, he still isn't completely. Its just ridiculous management of the scenario by the Greeks. They could've had a better deal negotiated a few months ago, and are now reduced to trying to get some kind of bailout to keep things from imploding.
You're completely right about the point in the prior post about this being a political argument though. The money isn't completely irrelevant, but the issue is whether the Greeks are going to comply with more austerity and get the bailout or default on the loan payments. The gamble on their end was that Europe and the developed Europeans would be so scared of contagion that they would cave to the Greek demands. Other countries look decent though, and contagion today isn't the same risk as it was in 2010...so the Europeans basically held their position and here we are.