greeceeu.jpg Home Page News Page The inexperienced Greek government lost its nerve. The brink was less than a week away, and it blinked. It changed tactics at last possible minute. It took a reckless political gamble. The inexperienced Greek government lost its nerve. The brink was less than a week away, and it blinked. It changed tactics at last possible minute. It took a reckless political gamble. There was still no agreement of course, but Prime Minister Tsipras was standing his ground. The differences between what Greece had offered and what the official creditors demanded was about two bln euros a year. The last debate was turning on how much savings should be achieved by tax increases and how much by spending cuts. The inexperienced Greek government lost its nerve. The brink was less than a week away, and it blinked. It changed tactics at last possible minute. It took a reckless political gamble. There was still no agreement of course, but Prime Minister Tsipras was standing his ground. The differences between what Greece had offered and what the official creditors demanded was about two bln euros a year. The last debate was turning on how much savings should be achieved by tax increases and how much by spending cuts. read more
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