The Greek finance minister’s portrayal in the media relies on facile national stereotypes
Greece's future is at stake in discussions at the European Union (EU) summit in Riga, Latvia on May 21-22. The left-wing government led by SYRIZA will soon have to choose between repayments on Greece's international debts and paying public-sector wages and pensions after the policy of economic strangulation pursued by EU political and financial officials.
By Tim Worstall, Forbes
It looks as if Greece’s problems over trying to reach a debt deal have just got rather worse. For we’ve the IMF and the Eurogroup operating as a pincer movement to tell the Greeks that they can’t have a quick deal. Meaning that the odds of their running out of cash to keep the bills paid before a comprehensive deal is reached have just gone up. Unless, of course, they decide to abandon their red lines and simply concede everything that the troika is demanding. Which is the point and purpose of the negotiating tactic of course.