Friday, June 26, 2015

Was yesterday’s capitulation to the EU a stalling effort by Tsipris?

In the span of just a week, the leader of Greece and the ruling Syriza party made two very opposite and polar decisions that has the world wondering what the real game being played in Greece is all about.  On Friday, Prime Minister Alexis Tsipris went to Russia andsigned a pipeline agreement with President Putin at the St. Petersburg Economic Forum, signalling that the Southern European country was putting its chips in on the side of the BRICS.  However, in a shocking move just three days later, the Prime Minister stunned his own party by accepting Troika demands and gave into the Euro bank’s position for austerity and reform.
Yet while some may call this being schizophrenic, one has to wonder if there is a third intention in play, and that is one of stalling for time.
Last night from Twitter:
Any agreement today by Greece is a stall tactic as Drachma backup infrastructure is not yet complete. Yuan swap facilities will fix that. –Guerrilla Economist, @Theroguemoney

Read more on this article here...


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