Showing posts with label Greece dilemma and Putin's opportunity. Show all posts
Showing posts with label Greece dilemma and Putin's opportunity. Show all posts

Wednesday, July 1, 2015

The Greek Solution

++It is very clear that the European Union wants to topple the Tsipras government. For the last two days of concessions, they have become more stringent in their demands. 

++No one in Greece really knows what the referendum means. Tsipras himself says it is not a vote to leave the European Union but simply about the debt package.

++Europe is very scared of Podemos in Spain and other left-wing parties which are balking at austerity economics.

++If Vladimir Putin is the geopolitical strategist he thinks he is, why doesn't he pick up the bill? That should get Europe's attention. 

++Putin avoided the question when he signed the pipeline deal with Greece saying it would not go paying the debt.

++The five-year program has already mean a decline of 25% in Greece's GDP. Europe is now demanding payments that are 3.5% of the GDP each year through 2018. Youth unemployment is now 60%. 

++How long does the EU expect Greece to tolerate this? Remember none of the money to be "lent" goes to Greece but to back payments on loans.