The Greek crisis: on the ground and on Twitter
Last night I responded sharply to an anonymous Greek troll known as @GreekAnalyst, comparing his right-wing network of abusive and unaccountable people…
Last night I responded sharply to an anonymous Greek troll known as @GreekAnalyst, comparing his right-wing network of abusive and unaccountable people…
If Angela Merkel has her way, the euphoria in Athens about Sunday’s referendum result will prove short lived. There is a discernible hardening of attitudes in Berlin.
Berlin had calculated that the Greek people would come to their senses and vote yes. The opposite happened – and Chancellor Merkel must now untangle a Gordian knot of a problem.
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.
Provisional results suggest at least 61 per cent of Greeks have voted against the terms of the bailout deal offered by the country’s creditors
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.
Greece may only represent a fraction of Europe’s economy. But in everything else that can’t be easily measured by the IMF or ECB, it represents to much more.
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.
If David Cameron demands a lot of time from leaders at this week’s EU summit, he risks looking like someone knocking on the door asking for milk when the neighbours’ house is on fire.
The level of pressure that’s being exerted on Syriza right now, I don’t think is enough to derail a deal from below.