Wednesday, 23 May 2012
Greeks tempted by ongoing German financial support without reform
"With austerity, Greece will need a third bail-out"- Tsipras. Without austerity, Greece will need a third bail-out. See Der Spiegel's article "Tsipras says Berlin must back down on austerity" and the earlier posting "third Greek bail-out". Tsipras' position echoes that foreshadowed in "Greece likely to receive permanent bail-out, relieved of all obligations for financial prudence".
Posted by Nils Marchant