You’ve got to love the wog politicians.
They egg on their population to say No in a referendum, which they then do. Then it seems they had no plans on what to do next because after two weeks of pressure the Greek government has capitulated and gone against the No vote and said Yes to the EU.
Euro zone leaders made Greece surrender much of its sovereignty to outside supervision on Monday (Tuesday NZ Time) in return for agreeing to talks on an €86 billion bailout to keep the near-bankrupt country in the single currency.
The terms imposed by international lenders led by Germany in all-night talks at an emergency summit obliged leftist Prime Minister Alexis Tsipras to abandon promises of ending austerity and could fracture his government and cause an outcry in Greece.
“Clearly the Europe of austerity has won,” Greece’s Reform Minister George Katrougalos said.
“Either we are going to accept these draconian measures or it is the sudden death of our economy through the continuation of the closure of the banks. So it is an agreement that is practically forced upon us,” he told BBC radio.
Greece however aims to reopen its banks on Thursday, bankers said. Facing a wave of withdrawals, the banks closed two weeks ago.
If the summit on Greece’s third bailout had failed, Athens would have been staring into an economic abyss with its banks on the brink of collapse and the prospect of having to print a parallel currency and exit the euro. Read more »