“I am absolutely confident that we will soon manage to reach a mutually beneficial agreement, both for Greece and for Europe as a whole.””No side is seeking conflict and it has never been our intention to act unilaterally on Greek debt” — Alexis Tsipras
According to Wall Street Journal and Telegraph.co.uk behind the appearances yesterday that Greece is “driving itself to the abyssal” a solution could be found, but neither side will meet their promises given accordingly before the greek elections which took place last Sunday the 25th Jan.
The options for a compromise, likely to become more concrete once negotiations get under way in February, include tweaking Greece’s budget constraints and debt-service burden while revamping how Europe monitors Greek compliance.WSJ
What happened last week between Greece and its EU creditors?
At a news conference on Friday, Greece’s new finance minister,Yanis Varoufakis, clashed over the way forward with his Dutch counterpart Jeroen Dijsselbloem, who heads up meetings of eurozone finance chiefs.
Despite the “disputes” and “conflict” there is an emerging “evidence”, though, that it will be a new agreement plan between Greece and the EU creditors, seeking absolutely a deal to keep Greece in the euro.
Regardless of the Friday’s (30th of January) grimaces after the meeting of Varoufakis- Dijsselbloeam, Syriza officials said, in private, they know that they will have to offer a convincing package of economic overhauls and budget discipline in return for financial concessions that will likely fall far short of the party’s bolder ambitions. Then noted, inter alia, the options for a ‘compromise’, likely to become more specific in the negotiations in February.
“Nobody wants Greece to default,” said Megan Greene, chief economist at Manulife Asset Management and a longtime eurozone-crisis consultant. “That’s the reason to be hopeful.”
Since Syriza’s election last week end of January, Mr. Tsipras has. . .
[In this connection, another article that you might want to read: The class character of Syriza revealed (World Socialist Web Site). You may also want to read: SYRIZA’S HISTORIC RESPONSIBILITY — by Javier Parra (MRZine)]