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Tucek, Wolfgang

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Wirtschaftsblatt - Austria | 20/02/2015

Greece fails with bogus claims

The Greek government was trying to fool the Euro Group with its formal request so it shouldn't be surprised by the firm rebuff from Germany, writes the liberal business paper Wirtschaftsblatt: "Finance Minister Yanis Varoufakis sends a letter to the Euro Group in which he backs down, requests the extension of the bailout programme and recognises supervision by the troika. Meanwhile in Athens his head of government Alexis Tsipras is declaring an end to the austerity policy and that he rejects the terms of the bailout programme. So the Greek leaders needn't be surprised that the German government has made it clear that it expects Greece to stick to the agreed terms. Berlin used harsh words, but that was because it wanted to make sure that Varoufakis und Tsipras finally understand the full gravity of the situation."

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