Tsipras: Drachma Queen
All the bluster, the referendum, all for, er, well, nothing
Prime Minister Alexis Tsipras surrendered to European demands for immediate action to qualify for up to 86 billion euros ($95 billion) of aid Greece needs to stay in the euro.
After a six-month offensive against German-inspired austerity succeeded only in deepening his country’s economic mess and antagonizing his European counterparts, there was no face-saving compromise on offer for Tsipras at a rancorous summit that ran for more than 17 hours.
What was the point of all the drachma drama if he was just going to kick the can down the road anyway?
I mean, does anyone really think that the Greek economy will suddenly start producing surpluses?
All he’s managed to do with this emotional Mediterranean chest pounding, whipping up the populace with all his “humiliation” talk, is reserve himself a spot on a lamp post it seems to me.
In the end he collapsed like a wet gyro.
Biz, Media, Nanny State, Politics | Mr. Bingley | 
July 13, 2015 6:32 am
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“Tsipras said that the deal had prevented the banking system collapsing but will inevitably harm the economy.”
No, a**hat, socialism inevitably harms the economy. A point that the Euroweenies consistently ignore.
More Euros down the drain…
EU should have booted them – but there are some (non-economic, strategic) reasons for keeping Greece around. Turkey, for instance. 🙁
Paying Visa with MasterCard, MasterCard with Discover, Discover with Diner’s Club, Diner’s Club with American Express, American Express with Visa, . . .
I don’t think throwing a retired Greek civil servant at the Turks will do much, even if he is only 48.