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Showing Original Post only (View all)Syriza in shock over creditors' demands [View all]
While Greeces fate was being debated in Brussels, in Athens the ruling radical left Syriza party was exhibiting signs of disintegration. Demands that the controversial reforms be approved by the Greek government and enacted into law by Wednesday were described as utter blackmail by leading party members and met with stunned disbelief.
Although sources close to prime minister Alexis Tsipras said the leader was now determined to do whatever was needed to keep Grexit at bay, political tumult also beckoned. Insiders conceded that a cabinet reshuffle removing those ministers who had refused to vote the austerity package through parliament early Saturday could come as early as Monday.
What is sure is that we are going to have dramatic political developments, said Nikos Bistis, a veteran politician from the centre left. Basically Syriza is now split in two.
By late Sunday it had become clear Tsipras u-turn, accepting measures he had once furiously spurned, had produced a tectonic split with potentially far-reaching consequences. In addition to suffering an unexpected loss of support with 17 MPs breaking ranks at the weekend defections that strip his government of a working majority 15 other lawmakers also indicated that they would not approve the agreement in its entirety when it was brought to the 300-seat House.
http://www.theguardian.com/business/live/2015/jul/12/greek-debt-crisis-eu-leaders-meeting-cancelled-no-deal-live#block-55a2b47be4b07fc6a121fc54
Although sources close to prime minister Alexis Tsipras said the leader was now determined to do whatever was needed to keep Grexit at bay, political tumult also beckoned. Insiders conceded that a cabinet reshuffle removing those ministers who had refused to vote the austerity package through parliament early Saturday could come as early as Monday.
What is sure is that we are going to have dramatic political developments, said Nikos Bistis, a veteran politician from the centre left. Basically Syriza is now split in two.
By late Sunday it had become clear Tsipras u-turn, accepting measures he had once furiously spurned, had produced a tectonic split with potentially far-reaching consequences. In addition to suffering an unexpected loss of support with 17 MPs breaking ranks at the weekend defections that strip his government of a working majority 15 other lawmakers also indicated that they would not approve the agreement in its entirety when it was brought to the 300-seat House.
http://www.theguardian.com/business/live/2015/jul/12/greek-debt-crisis-eu-leaders-meeting-cancelled-no-deal-live#block-55a2b47be4b07fc6a121fc54
Helena Smith goes on to say it could mean new elections.
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You would think someone has a secret emergency plan developed in the last 6 months. n/t
PoliticAverse
Jul 2015
#2
"it’s a grotesque betrayal of everything the European project was supposed to stand for"
PoliticAverse
Jul 2015
#16
You can't lay all of Greece's financial problems at the feet of a few oligarchs or bankers
mythology
Jul 2015
#44
You can't call it a "swindle" when they were paying Goldman Sachs to lie for them
Recursion
Jul 2015
#51
Merkel as a hardliner is a myth spun by the ones who paint her photo with a Hitler mustache
DFW
Jul 2015
#46
I guess in the scenario listed they would be printing Drachmas like mad? I dont think folks rooting
stevenleser
Jul 2015
#25
Hey there, Depaysement...you probably still have me on 'ignore', but on the off-chance...
Surya Gayatri
Jul 2015
#59
The Greek Civil War - 1946–1949. Today's Greeks (by 66.5%) want to stay in the EU and the Euro-zone
Surya Gayatri
Jul 2015
#58
makes you wonder which German Bank put so fresh cash in Tsipras' Swiss bank account
JCMach1
Jul 2015
#5
So that thing about the referendum "no" vote strengthening Greece's negotiating position,
Nye Bevan
Jul 2015
#12
Unfortunately he choose a finance minister that wrote a book on game theory and not
PoliticAverse
Jul 2015
#17
It doesn't matter, this is what precipitated the Greek actions that brought it to a head. n/t
freshwest
Jul 2015
#40
So if my brother-in-law who already owes me a lot of money begs me for another loan,
Nye Bevan
Jul 2015
#19
It's called a "debt colony" and it's how Europe treated most of Africa and Asia for years
Recursion
Jul 2015
#54
Intentionally confusing "extortion" and "coercion" for a better-sounding bumper sticker?
LanternWaste
Jul 2015
#61
I thought this was an interesting view on Greece's debt & one not mentioned much
dflprincess
Jul 2015
#39