Jul
06

Angry Athens

greekbankGiven the huge victory handed to Greek PM Tsipras, he can’t accept a proposal that is largely similar to the one already rejected. He must show the Greeks one that is better. Europe doesn’t wish to make a much improved offer as that would encourage Spain and Portugal to copy the Athenian approach. Thus, Tsipras has improved the chances of getting a better deal but also of a complete failure.

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