So we get to choose today. Some choice – between a catastrophe and an absolute catastrophe. But at least now we appear to be arriving at a conclusion, of sorts, in contrast to the recent Greek story that has moved from near climax to near climax. Whatever happens, a brutal realisation of national failure is bound to emerge from the ruins, while at the same time we are unable to foretell if yet more failure lies further down the road…
Momentous events have already happened: the damage to the economy will not be rectified without extreme austerity for an unspecified period of time. What’s more, restoring the healthy state of the banking system will be a lengthy process and one that will only widen social divisions. Then there are the relations with our European allies. The fraying of these ties will be hard to mend.
Government sources anticipate that an European Central Bank board of directors meeting will convene a eurogroup on Tuesday and an EU summit on Wednesday. The question remains: who will stand in for Greece. Tsipras has not revealed his intentions and does not appear willing to play ball with Greece’s creditors, renouncing a priori that the European forces want to impose a “government of the willing” in an attempt to displace him from power. But it is not certain that he will be able to hold the upper hand.
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