Pages

Wednesday, May 25, 2016

The Greek bailout shows the EU is on its best behaviour – until 24 June

There’s a sense that our fellow EU states are avoiding issues that will fuel Brexiteers. Instead they are playing nicely, as they did with the loan to Athens Imagine what’s going to happen at 10.01pm on Thursday 23 June. The polls will have just closed in the referendum on Britain’s membership of the European Union and, in an instant, the rest of Europe will be able to relax – and revert to type. Suddenly, the migrant boats will be back on the water, heading for the Greek coast. The floodgates that have been slammed shut will be flung back open. In Brussels, the bureaucrats will reach for the desk drawer they’ve kept dutifully locked and pull out their grand plans to impose straight bananas and ban tasty crisps. And the central bankers will be able to tighten the screws on Greece once more. No longer obliged to play nice – as they did in the early hours of Wednesday morning, when they agreed to release €10.3bn in bailout money for Athens – they’d now be able to revive their demand that Greece live on ever more meagre rations in penance for its huge debts. Related: Eurozone unlocks €10.3bn bailout loan for Greece Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com