Greece Offered “Temporary” Grexit
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Meanwhile, it is crystal clear that Germany has sponsored policies hoping to bring down Tsipras’ government in Athens.He has decided he wants a deal after all, a very poor decision, in my opinion, especially after the resounding “no” he campaigned for.
One of the demands Germany has placed for a deal is Greece put up €50 billion collateral for further loans, no doubt islands and state-owned enterprises at bargain-basement prices. Greek citizens are upset, and riot police have been called out, but so far the situation is calm. It won’t be if Greece agrees to this deal.