Eurozone finance ministers will meet in Brussels to decide whether to accept or reject Greece’s bailout proposals 7.59am GMT Greek prime minister Alexis Tsipras had a series of telephone conversations with fellow eurozone leaders, to discuss Greece’s proposals.Significantly, he spoke to the German Chancellor Angela Merkel, hinting that she does not share her finance minister’s uncompromising stance. It was Wolfgang Schaeuble’s office that rejected the Greek proposals on Thursday.Phone call w/Chancellor #Merkel earlier today: positive tone, and interest in finding a mutually beneficial solution for #Greece & #EurozoneOn the phone with @fhollande He sincerely wants to find a mutually beneficial solution #Greece pic.twitter.com/IgaRu20dNF 7.51am GMT Good morning.#Eurogroup Friday in Brussels as of 15.00.There is a phrase for what Germany is seeking to do to Greece: a Carthaginian peace. It dates back to the Punic wars when Rome emerged victorious in its long struggle with Carthage but refused to allow its opponent the chance of an honourable surrender. Instead, it enforced a brutal settlement, burning Carthage to the ground and enslaving those inhabitants it did not massacre.A Carthaginian peace is what is being offered to Alexis Tsipras. On Thursday, the Greek prime minister made it clear that he was willing to see the white flag of surrender flutter over Athens. He accepted that he would have to swallow most of the conditions demanded of him by Greece’s eurozone partners but asked for a few concessions to sugar the pill. Continue reading...
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