Tuesday, February 24, 2015

Larisa Epatko — Eurozone extends Greece’s bailout by four months

Let the commentary begin.

PBS NewsHour 


Kristjan said...

A quick PS. Over in Greece tonight, the flagship evening news programme on Skai TV is saying that the government will face a three-pronged opposition: from

dissenters in Syriza,
the oligarchs and “vested interests” that now have so much to lose if the new leftist-led administrations succeeds in reforming tax collection and clamping down on tax evasion
and the opposition itself

From Athens, Helena Smith adds:

Tonight both the former prime minister Antonis Samaras and his deputy, socialist Pasok leader Evangelos Venizelos, accused the Tsipras government of taking Greece back into a “third memorandum” with the country’s creditors.

Venizelos said:

“I am truly very sorry. We have lost a lot of time and instead of exiting the memorandum and moving onto a preliminary credit line with more relaxed conditions we will, come July, be moving into a third memorandum.”

There’s also talk that Greece’s pledge not to unravel privatisations is the major bone of contention among Syriza MPs. We sense trouble ahead.....

Kristjan said...

Come to think about it, Tsipras should have no trouble to put a new coalition together because his government has agreed to 95% of what the old government agreed to. There shouldn't be any trouble ahead. differences are really minor concerning austerity and bailout, they'll work those out.

Malmo's Ghost said...

Kristjan, Excellent point!

Jose Guilherme said...

If there is no reversal in this story ("Greece drops nearly all its demands", as The Economist puts it) in the weeks to come, then there´s a real possibility that the words "Left" or "Radical Left" will be discredited and just provoke generalized laughter whenever and wherever they are uttered.

NeilW said...


That might be for the best. Then perhaps the Pragmatic Prole can arise from the ashes of the Latte Set.