As most of you know, I was hoping for a “Yes” vote in the Greek referendum, especially as the proposal which the Tsipras government put forth this week encompassed most of the demands which Greece’s creditors had been making.
The Syriza proposals were approved by the creditors, and sent to the Eurozone finance ministers. And then Germany got in the act.
In an act of suicidal hubris, Germany is demanding nothing short of humiliation for Greece. Even though I had hoped for a Yes vote, this petty revenge is unbelievable from a country which plunged Europe into two World Wars. It is Germany’s gambit to establish the EU as merely a Greater German Co-Prosperity Sphere.
Here is where we stand at the moment.
Translation: Trust has been lost; Doubts of Greece’s willingness to reform.
Translation: Greece has driven a wedge between France and Germany