Tuesday 17 October 2017

Posturing will not end crisis in Greece

Greek Prime Minister Alexis Tsipras
Greek Prime Minister Alexis Tsipras

It would appear that debt re-profiling is the latest expensive euphemism for kicking the can down the road, or maybe even catapulting it high over Crete. On what was the morning after optimism in Athens, a tetchy telephone call took place between Germany's Chancellor Angela Merkel and Alexis Tsipras. The Greek prime minister was warned not to turn up in Brussels without a plan.

That might be no bad thing, for if you don't know where you're going, you'll end up somewhere else; and so far in this crisis, no one appears to have a clue.

A spokesman for Ms Merkel said: "Greece is in the eurozone . . . it depends on Greece acting for it to stay that way." No great direction or leadership from that quarter.

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