How Germany Called Greece’s Bluff Ahead of Bailout Vote


At first the call for a referendum was bold enough to seem clever, or at least typical of the chutzpah that helped bring Prime Minister Alexis Tsipras to power in Greece in the first place. Its logic was simple. With talks between Greece and its creditors at an impasse, why not give the people a chance to demand a better deal at the ballot box? Would Germany and the other European powers be so callous as to ignore the outcome of a democratic vote? At the very least, the referendum would renew the government’s mandate in its struggle for debt relief.

Germany, however, didn’t flinch. Chancellor Angela Merkel called the bluff on Tspiras’ last-minute gambit with an almost taunting composure. “Before a referendum, as planned, is carried out, we won’t negotiate on anything new at all,” she said on Tuesday. In other words, her response to the threat of a…

View original post 1,023 more words


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s