Sunday, February 22, 2015
The Greeks blinked
After a lot of big talk from the new Syriza government of Greece, the Greeks agreed to keep the cost cutting measures ("austerity") that previous Greek governments had agreed to (agreed to under pressure, but agreed to) in return for four months more of EU bailout payments. Apparently the EU had the stones to tell the Greeks, "Do it our way if you want any more of our money." Since the Greek government is totally stoney broke, it listened to reason. Now all it has to do is sell the deal back home in Greece.