Tuesday, June 30, 2015

Greek Government on the Edge of Collapse

It sure sounds like Eurogroup officials don't like the current Greek government at all. The head of the Eurogroup, Jeroen Dijsselbloem, spoke to the press on Tuesday evening and took a hardline stance saying that it is too late to agree a deal to save Greece from defaulting at midnight. He also signaled unhappiness with the current Greek government leadership.

Part of what is going on now is the Eurogroup squeezing Greece to force a change in the current government.

The Sunday referendum in Greece for all practical purposes should be considered a vote on the current Syriza government. If the Greek  Prime Minister Alexis Tsipras does not get the "No" vote he is asking for on the referendum to reject a recent Eurogroup bailout proposal that includes higher taxes and cuts in government pension payouts, then the Tsipras government will likely collapse


No comments:

Post a Comment