Judging by the angry red amendments all over Greece’s proposals, its creditors are in no mood whatsoever to compromiseThe red ink told its own story. Greece’s creditors had looked at the plan submitted by Alexis Tsipras to end his country’s debt crisis and found it wanting. Like a teacher dealing with an obtuse pupil, the message was simple: this is a shoddy piece of work. Do it again.Athens should not have been entirely surprised by the response. The International Monetary Fund thinks a repair job on the public finances should be structured so that 80% of the improvement comes through spending cuts and 20% from tax increases. Membership Event: Guardian Newsroom: Can Greece be saved? Continue reading...
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