Germany Gives Greece Just Enough Rope: Varoufakis Says If Troika Rejects Reforms "The Deal Is Dead And Buried"
Submitted by Tyler Durden on 02/20/2015 - 16:28
Here is what Schauble meant when he said that the "Greeks Certainly Will Have A Difficult Time To Explain The Deal To Their Voters": under the conditionality of the Troika's approval, the Tsipras government now has to walk back essentially all the promises it made to the Greek people - promises which by some accounts amount to over €20 billion in additional spending - or the Troika, pardon Institutions, will yank the entire deal and the Grexit can then commence. And that's the bottom line. It's also the reason Schauble was gloating: because he gave the Greek government just enough rope with which to hang itself.
Tweet
Comments: 301
Reads: 37,207
http://www.zerohedge.com/news/2015-02-20/germany-gives-greece-just-enough-rope-varoufakis-says-if-troika-rejects-reforms-deal
| 