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This kicks the can down the road.

In exchange for time before going bankrupt, Greece has backtracked on the (unrealistic?) promises Tsipras made to the electorate.

The electorate will forgive because some slack has been cut, and the savvier will realise that the more that was asked the more likely something positive would ensue. Ask a kilo even when you know you'd be lucky to get 10 grams.

The problem is that the chances of Syriza being able to do anything meaningful about Greece's severest problems in that short time frame is remote.

They are in government now and need to serve up the biggest tax evaders' heads on a platter, and -equally importantly- solarise the living eff out of the place.

Those two measures would do wonders for the national debt right there, yet neither Tsipras nor Varoufakis (nor Schauble or Dijsselbloem) has even mentioned them, which really makes me slightly uncomfortable tbh.

Any political party which hasn't understood the importance of new energy policies by now is leaving its strongest tool unused. Blind or willful, you decide...

It doesn't add up, unless the energy/utilities status quo is super partes and a sacred cow neither side dares/wants to confront.

Same with massive tax evasion, another natural vote-harvester.

Damn, all that energy expended just to delay execution a few months. :(
 

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Sat Feb 21st, 2015 at 10:18:00 AM EST

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