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Tuesday, July 14, 2015

Tsipras: I Don't Believe in this Vindictive Deal

     Despite this he is also urging Greece''s parliament to vote for it. This seems a little askew but then Tsipras' stance has been askew since he first called the referendum.

     "GREEK PM TSIPRAS SAYS I SIGNED A DEAL I DO NOT BELIEVE IN BUT I'M WILLING TO IMPLEMENT AND WILL ASSUME RESPONSIBILITIES"

     "GREEK PM TSIPRAS SAYS WILL TRY TO CARRY OUT POLITICAL RESPONSIBILITIES OVER FOUR-YEAR TERM"

    "GREEK PM TSIPRAS SAYS I BELIEVED REFERENDUM WOULD HELP GREECE SEAL A BETTER DEAL AND WOULD NOT PUT GREECE'S EURO MEMBERSHIP AT RISK"

    "GREEK PM TSIPRAS SAYS LENDERS DISPLAYED A VINDICTIVE STANCE OVER REFERENDUM"

    "I am fully assuming my responsibilities, for mistakes and for oversights, and for the responsibility of signing a text that I do not believe in, but that I am obliged to implement."

   "I won't escape these responsibilities and will try to implement my political program over a four-year period."

  "The hard truth is this one-way street for Greece was imposed on us."

   http://www.cnbc.com/2015/07/14/greek-latest-political-wrangling-begins-after-deal.html

   Each declaration seems to contradict the previous one. He believed the referendum would bring a better deal and not threaten EU membership. He was wrong on both counts and from what Ambrose Pritchard says he knew that when he called the referendum notwithstanding what he says now.

  Now he says it was a terrible, vindictive  deal but that  Parliament should vote for it and disregard the wishes of the voters.

   Meanwhile there was a rather snide piece in Politico today that says Greece will just renege on this deal-presuming it is passed and implemented in time.

   "The real question is whether such a deal, if it materializes, can last. And the odds in favor of this are not good. If the past six years have shown one thing, then it is the profound unwillingness of any Greek government to actually implement the deal that it can get."

    "Beyond that the deal, as reported, does not bode well as a solution. What Tsipras presented is a "French-doctored" program. According to media reports, French technical experts helped the Greek government in preparing the program. While that sounds like an appropriate form of technical help, unfortunately the French mindset is all over the substance of what has now been submitted by Greece."

    "In the typical fashion of the French bureaucracy, the program is long on “fixing” the budgetary dimension measures–but falls far short of what Greece urgently needs in terms of making its labor and product markets more flexible—for example by stripping away red tape that prevents starting businesses, hiring and pegging minimum wages at high levels."

     Read more: http://www.politico.com/magazine/story/2015/07/why-greece-will-welch-on-a-deal-119964.html#ixzz3ftw6FFJL


   I never get how it becomes up to the EU what kinds of economic policies the Greeks should have. I do agree that Greece may well 'renege'-or more fairly, run out of money and need more help as there's no debt restructuring in this deal.

  So if the point is let's have Grexit then, I'm all for it. 

   

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