miltiades wrote:Something sinister is happening right now, Germany is determined to see a Greece out of the EZ , all commentators concur that a Grexit would have very serious implications for the future of the monetary union. The Germans do not appear bothered...
Yes Grexit will have serious implications, financial and political, but so would caving in to Greek demands for an end to austerity. Greece, a country of 11 million people, has simply miscalculated how much it can use the threat of Grexit to force the other countries with a population of 500 million to agree to their terms. The lending powers have consistently said since Syriza came to power that delay in agreeing a deal can only lead to a worse deal. Syriza and the Greek people did not believe this. They believed that delay and then the referendum would increase their bargaining power. They were simply wrong. All it has done is make any deal more onerous on Greece and its people and thus harder to agree, which is exactly what the creditor powers have said consistently over and over, only to be ignored by Greece. Such massive and fundamental miscalculation is indeed humiliating.
You can lay all of this at the door of a corrupt and evil banking system if you like but only a fanatical fantasist of the likes of GiG could do so whilst at the same time requesting from the very same "corrupt and evil banking system" that they lend you another 85 billion euros on top of 240 billion already loaned and whilst you chose to unilaterally reverse measures you had previously agreed to when the 240 billion was loaned.
Yes Greece is now being 'punished'. It is being 'punished' because of how it chose to behave leading up to this point.