Creditors have to make a judgement about whether the Greeks are bluffing about being able to make the IMF paymentIt must have seemed so simple for Jean-Claude Juncker earlier in the week when the president of the European Commission got together with Mario Draghi of the European Central Bank and Christine Lagarde of the International Monetary Fund.The so-called troika decided that it was time Greece was brought to its senses. The posturing, the rhetorical flourishes, the shows of defiance had gone on for long enough. A tough set of proposals was drawn up, including demands for VAT, pension and wage bargaining reform that the troika knew Greece would find unpalatable. Continue reading...
 |
| READ THE ORIGINAL POST AT www.theguardian.com |
