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Wednesday, January 28, 2015

Yanis Varoufakis Greece's New Finance Minister - Bloomberg View

Yanis Varoufakis Greece's New Finance Minister - Bloomberg View

 He and his colleagues in the new Greek government are still in the position of supplicants, even thought it looks like they’re planning to do their supplicating in a pretty confrontational way. That’s awfully hard to get right.
Clive Crook considers "Why Europe Will Cave to Greece"

Therefore, in the end, the EU won't offer nothing. But the posturing on both sides needs to stop and discussions of a possible compromise need to start quickly, or Tsipras and the EU could talk themselves into the worst-case scenario they both want to avoid.
Leonid Bershidsky : Sanctions Are Now Syriza's Bargaining Chip

If Syriza is indeed headed for a confrontation with Germany, it risks jeopardizing its chief goal, the one that got it elected: a big write-off of its public debt. This is vastly more important to the Greek economy than any boost the country might get from resuming fruit exports to Russia or hosting more Russian tourists. Yet without the consent of Germany, Greece's biggest creditor, no write-off is possible. 

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