EU's dilemma over new Russian sanctions hands an advantage to Greece in debt talks
So, the gloves are off. Anyone who thought negotiations between the new radical-left Greek government and its creditors were going to be conciliatory, or even rational, must think again.
It is little more than a week since Syriza's seismic election victory and the installation of Alexis Tspiras as prime minister. Yet discussions over Athens' €350bn debt mountain - owed mainly to other eurozone governments, the International Monetary Fund (IMF) and European Central Bank (ECB) - have already turned
Greece and its official creditors are now issuing full-blooded threats and counter-threats, regardless of the impact on financial markets. The Athens stock exchange endured single-day, double-digit percentage falls last week.