Complete Humiliation: Greek Parliament Pressed To “Approve” German “Coup”
- Complete Humiliation: Greek Parliament Pressed To “Approve” German “Coup”
by Tyler Durden, www.zerohedge.com
Months ago we said the following about the future of Greek politics:
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It is becoming increasingly clear that the Syriza show will ultimately have to be canceled in Greece (or at least recast) if the country intends to find a long-term solution that allows for stable relations with European creditors although it may be time for Greeks to ask themselves if binding their fate to Europe is in their best interests given that some EU officials seem to be perfectly fine with inflicting untold economic pain upon everyday Greeks if it means usurping the ‘radical leftists.’
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At the risk of overstating the case, that assessment has now proven to be almost entirely accurate. Greeks did indeed ask themselves if they wished to bind their fate to European “partners” who seem bent on punishing the country for its decision at the ballot box in January and nearly two-thirds of Greeks said the terms of continued EMU membership as presented by creditors were unacceptable.
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Despite that clear mandate, PM Alexis Tsipras declined what some (The Telegraph’s Abrose Evans-Pritchard for one) have suggested was a better option in German FinMin Wolfgang Schaeuble’s 5-year, Brussels managed, “time-out”, in favor of a deal so bad that it might have only been proposed because no one thought he would accept it.
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Now, Tsipras must push that deal through a Greek parliament where Syriza party hardliners – who tabled a proposal to default and exit the euro months ago – are quite simply beside themselves. The likely result: a party reshuffle and a recasting of the Syriza show, exactly as we said. Here’s Bloomberg with more on the political infighting:
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read more.
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