The Greek issue has again dramatically become a litmus test of the bearing of governments and political forces in Europe. Tsipras’ request for a Eurogroup summit on the new Greek financial showdown was tabled, receiving a resounding no by Wolfgang Schauble, the surly German finance Minister.
The E.U. hawks are falling back on old habits, forcing Greek people to the brink of the abyss — in their already tragic situation — to force the Greek government to implement severe new restrictive measures.
Alexis Tsipras responded forcefully, demonstrating that the decisions taken by his government, certainly not made with a light heart, are in the furrow of what had been decided until now, that were imposed instead of negotiated. The situation has changed since the International Monetary Fund got in the middle.
The belief — hiding behind a deceptive demand for a nominal cut of the total debt — is that the new proposed measures (that is, €3 billion between taxation and the already hard-hit pensions) are not enough to meet the milestones of the plan. So it wants the Greek Parliament, with the consent of Brussels, to decide right now on an almost automatic implementation of additional actions worth at least 2 percent of GDP, or more or less €3 billion, in the event that planned objectives are not attained.