by Gavin M.
Stocks are bid, bonds slid, risk forex remained timid - what happens now? It's already clear that SYRIZA has no testicles against the Germans. Their referendum was a sham and in the end, they caved. I'm just not sure whether Alexis Tsipras just wanted the world attention or he is trying to be a diva like Mariah Carey.
We will find out for sure if the EU will approve that hefty bailout package for Greece. It is noted to be more than 70 Billion Euros for the next three years. Who pays the most? The Germans. They can chalk it up to the cost of being in the EU and maintaining superpower status.
The most painful thing about this whole tragedy is that the Greek people voted for Syriza for their hardline stance against austerity and pension cutbacks. This new deal hikes taxes and cuts a lot of pension which is completely the opposite of what they wanted in the first place. The populace gets stabbed in the back once again.
If I was Greek, I would be so damn angry right now. Then again, if I was Greek, I would have left Greece in 2012 while I still had a chance. Patriotism is great and all but in the end, if your own elected officials and your own government no longer serve you, why should you serve your country? Patriotism is a 2-way street.
I say these to the Greeks, congratulations on getting a deal to torture yourselves more in the next three years. I will see you again on March 2018, perhaps even sooner knowing how your government is so good at spending money.
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