Tag Archives: Tspiras Claims To Have “Won A Battle

Mish/ Mike Shedlock – Tspiras Claims To Have “Won A Battle, Not The War”; Greece To Combat Tax Evasion; Illusion Shattered; Another Bailout? – 23 February 2015

MishMikeShedlockOn Friday, Prime Minister Alexis Tsipras backed down on nearly every promise made to the Greek electorate except one, to stay on the euro. After so much tough rhetoric, the question is why?

I believe the answer is the Greek primary account surplus vanished, making it impossible to honor all commitments made.

Simply put, Greece had to choose between staying on the euro and honoring the other campaign promises. Continue reading