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Thursday, February 19, 2015

Greece runs up the austerity white flag in Brussels

Athens’ decision to accept a eurozone loan extension shows the troika did not really want to negotiate with Syriza - it wanted capitulationThe white flag has been raised over Athens. Greece has bowed to the intense pressure of its eurozone partners and will stick to austerity. After defiantly saying for the past three weeks that it will end the country’s fiscal waterboarding, the Syriza-led government is suing for peace. Related: Greece seeks six-month bailout extension - live updates It is unlikely Syriza will get much of what it wants. Europe does not really want to negotiate - it wants capitulation Continue reading...


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