Kick the can down the road a little bit longer. Deal in place to keep Greece on life support over summer months

Former CIA Deputy Director Michael Morrell, testifies before the House Permanent Select Committee on Intelligence on Capitol Hill in Washington, Wednesday, April 2, 2014, about the terrorist attacks on U.S. facilities in Benghazi. The Committee seeks to gain additional information from Morell about his role in the development of the Benghazi talking points and in shaping the administration’s public narrative of the terrorist attack. (AP Photo/Manuel Balce Ceneta)

Anything to avoid solving what has become an unsolvable political situation.

Financially the Greek debt and default can be solved, but politically (and geo-politically) the EU, IMF and Greek politicians prefer pushing back the issue as much as possible.

No one involved wants to take the lead and move past the inevitable pain that Greece and Europe will need in order to get past their collective fiscal woes.

So what we are left with is a can kicking like no other in the history of the world.

Let the summer months pass, keep Greece on life support until September, so that when we all return, (tanned and rested from bumming around at the beach) we can resume the inevitable signing of Memorandum 3.0, or being babbling on about a possible Grexit 1.0.

Via eKathimerini…

The impression of a rift between Greece and its partners and creditors which prevailed on Wednesday was suddenly erased Wednesday following an announcement regarding the contents of a phone conversation between Greek Prime Minister Alexis Tsipras and European Commission President Jean-Claude Juncker and a joint statement by the three institutions, the European Union, European Central Bank and the International Monetary Fund. The dramatization is an inextricable element of political activity and concerns all the parties involved.

While a complete solution is not expected to materialize on the day, the Eurogroup meeting scheduled for May 11 will most likely secure a controlled lifeline for the Greek economy. The country will remain in intensive care until a new all-encompassing deal is achieved, but the possibility of a sudden death or an accident will be excluded. As a matter of fact this is what the Tsipras administration had been aiming for at this particular point.

The most thorny issues in the discussions between Athens and Brussels were social security and labor relations. Former Premier Antonis Samaras sought for these two issues to be part of the next phase of a broader negotiation with the EU. The same goes for the current government. It is no coincidence that the statement regarding the Tsipras-Juncker conversation refers to these particular subjects and was edited in a most careful way allowing for a kind of decent interpretation on both sides.

Prior to this there had been bloody conflict within the framework of the Eurogroup, but as a rule these EU institutions operate in a highly acrimonious climate until common ground is found.

What is noteworthy is that the government was represented at this level not by inarticulate Marxists but by “apostates” of Greece’s upper middle class, people who studied at the same universities as today’s global elite. A race of intellectual supremacy took place within the Eurogroup, whose members are not economists, but politicians who put theories, developed by those who received the same education as Yanis Varoufakis and Euclid Tsakalotos and other “apostates” of the higher classes.

Naturally there was chaos and incomprehension and finally, the Red Orchestra’s maestro, Alexis Tsipras, with the assistance of Chancellor Angela Merkel –- a particularly interesting politician – seems to be leading the situation to an “honest compromise.”

If things turn out to be finally heading in a positive direction, the question will be the reaction of SYRIZA deputies. This matter, however, has everything to do with Tsipras and nothing with the EU. In this effort he will have the support of the hard core of the so-called “Stalinists.”

Retreats on the tactical level will be considered a necessary step on the road to a broader upset. The revolution will be continuous, just like when PASOK was in power.


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