Calm defiance giving way to panic as Greek deadline looms
Behind the calm in Greece people are beginning to panic. Tsipras needs to do a deal – but not one that humiliates his country.
Paul Mason has left Channel 4 News.
Behind the calm in Greece people are beginning to panic. Tsipras needs to do a deal – but not one that humiliates his country.
Last night I responded sharply to an anonymous Greek troll known as @GreekAnalyst, comparing his right-wing network of abusive and unaccountable people…
Why did Varoufakis go? The official reason, on his blog, was pressure from creditors. But there are a whole host of other reasons that made it easier for him to decide to yield to it.
The EU leadership told Greeks a No meant exit from the eurozone. The Greek government said they were bluffing. We’ll find out who’s right soon.
The IMF’s report yesterday got swamped amid the gloom, despondency and fractiousness of the Greek crisis. It said, in short, Greece’s debt has become unsustainable.
Alexis Tsipras is getting ready to stage a climbdown and he will tell the people of Greece he’s about to accept something very very similar to the conditional bailout he rejected.
Last night’s ‘Yes’ campaign demo was big – I would say maybe a quarter bigger than the ‘No’ demo of Monday, and with a much more angry atmosphere.
While the far left government will pose the referendum as a vote for or against austerity, the right will say it’s an in-out vote for the single currency and the EU itself.
Greek PM Alexis Tsipras has just called a referendum on 5 July. This after spending most of the week locked in discussions with creditors…
While the proposal has caused outrage among the Greek conservatives and outrage among Syriza’s left-wing voters, the real problem is bigger.
The level of pressure that’s being exerted on Syriza right now, I don’t think is enough to derail a deal from below.
If today’s Brussels talks fail, the Greek debt crisis could stop being a story about economics and become one of civil society, politics and the rule of law.
Ahead of a crucial meeting on the Greece debt crisis on Monday, Paul Mason presents a special long-read, offering five pictures of the country.
The country will divide: right versus left – as it has been divided since British tanks rolled into Syntagma Square in 1944 to install former Nazi collaborators into office.
With negotiations between Greece and its lenders stalled, but the differences amounting to around 0.6 per cent of Greek GDP, the stage is set for either a last-minute deal or a breakdown.