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Germany Gives Greece Just Enough Rope: Varoufakis Says If Troika Rejects Reforms “The Deal Is Dead And Buried”

 

 

Here is what Schauble meant when he said that the “Greeks Certainly Will Have A Difficult Time To Explain The Deal To Their Voters”: under the conditionality of the Troika’s approval, the Tsipras government now has to walk back essentially all the promises it made to the Greek people – promises which by some accounts amount to over €20 billion in additional spending – or the Troika, pardon Institutions, will yank the entire deal and the Grexit can then commence. And that’s the bottom line. It’s also the reason Schauble was gloating: because he gave the Greek government just enough rope with which to hang itself.

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