View: Germany’s selective historical memory needs jogging, not just for the Greeks
Despite our more constructive ideas about a Greek bailout, it seems the political tide is shifting with the default view gaining traction again in markets. As ever it appears to be driven by German machinations, refusing to lift that boot of the Greek neck despite the government pushing amended legislation through parliament on Sunday night and New Democracy leader Samaras appearing to have finally put pen to paper to honour the promise to continue with this path after elections. The wires are awash with rumour and counter rumour as to whether the Eurogroup will cut the Greek’s loose with the latest leak suggesting that officials were considering proposals to delay some of all of the bailout but still avoid default is the latest low. Sounds a neat trick.
Full reports below
If you enjoyed this note, please consider sharing it!
