Tsipras just destroyed Greece--Naked Capitalism
Mike Norman Economics 2015-07-10
I can't even talk about it. Just read Yves' article.
This is basically the same proposal as that was just rejected by the Greek people in the referendum…This makes absolutely no sense. The Tsipras Government has just:"Tsipras has just destroyed Greece."
- renegotiated itself into the same position it was in two months ago;
- set massively false expectations with the Greek public;
- destroyed the Greek banking system, and
If this deal gets through the Greek Parliament, and it could given everyone other than the ruling party and Golden Dawn are in favour of austerity, then Greece has just destroyed itself to no purpose.
- destroyed what was left of Greek political capital in EU.