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Financial Times - United Kingdom | Sunday, June 28, 2015

Finance ministers made tactical error

The finance ministers of the Eurozone have played right into the hands of Greek Prime Minister Alexis Tsipras by insisting that the bailout programme expire this Tuesday, columnist Wolfgang Münchau writes in the liberal Financial Times newspaper: "By far the biggest tactical error committed over the weekend, however, was the rejection by eurozone finance ministers of a five-day extension of the Greek bailout programme to beyond the referendum. With that decision, they foreclosed the only way to keep the show on the road. They have unwittingly strengthened the political argument of the Greek prime minister. He will now be able to say: first the creditors wanted to destroy the Greek economy with their austerity programme. And now they are hoping to destroy Greek democracy."

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