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Greece: The Problem and the Solution
by Pater Tenebrarum
Acting Man
Latest Developments
Alexis Tsipras has sent a letter to Jeroen Dijsselbloem of the euro-group (you can download the letter here, pdf), in which he requests a separate bailout from the ESM, essentially proposing that the ESM take over Greece’s liabilities for a period of two years. Unsaid, but implied, is that this would result in the referendum being recalled. More likely it is just a ploy to enhance Syriza’s chances of obtaining a “no” vote in the referendum.
[...] Rumor has it that this letter was sent in the wake of “infighting at Syriza” over whether or not to hold the referendum. Reportedly some in Syriza fear that there is a risk that the “yes” vote will prevail and force Tsipras to resign and call for new elections. Anyway, these are just rumors, if not entirely implausible ones. The letter Tsipras sent in any case didn’t change anything, because the stance of the euro-group is that nothing new will be decided until after the referendum.
Continue Reading at Acting-Man.com…
Source: http://financialsurvivalnetwork.com/2015/07/greece-the-problem-and-the-solution/?utm_source=rss&utm_medium=rss&utm_campaign=greece-the-problem-and-the-solution
