So they are (officially) discussing a Grexit. Seems more then groundhog day, with dwindling support within Europe's insitutions and it's people but as it is politics it is almost impossible to figure out what will come out of it. The current Greek government seems brilliant at getting political allies:
The basic problem is still not solved, especially after the post-Syriza crash during this terrible depression. Greek does infact need something called money, be it from the EU, the Russians or the IMF. All in all it is a tragic, suicidial farce:A member of the political negotiation team from Athens, according to IMF sources, criticized the attitude of the Fund noting its "unproductive attitude" that keeps the negotiations deadlocked. He added: "We do not need the IMF, you can leave, your contribution is not constructive. "
The IMF delegation asked for a break to brief their superiors in Washington.
When the meeting with the Greeks continued, the Greek team read the following statement: "Wherever in the world the IMF is engaged, its participation was by invitation and the tacit or active support of the country concerned. Syriza is the only government in the history of the IMF which calls on the Fund to leave, despite the fact that it has been invited by the country. "
On hearing this statement the IMF delegation left the room...
P.S: It is worth repeating the praise about the current crop of central bankers.This outcome is all the more tragic, given that the economic analysis underlying Syriza’s demand for an easing of austerity was broadly right. Instead of seeking a face-saving compromise on softening the troika program, Tsipras wasted six months on symbolic battles over economically irrelevant issues such as labor laws, privatizations, even the name of the troika.
This provocative behavior lost Greece all potential allies in France and Italy. Worse still, the time wasted on political grandstanding destroyed the primary budget surplus, which was Tsipras’s trump card in the early negotiations.
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