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Thursday, March 28, 2024

Baffled by Clear Picture; Sirens of Blackmail; Merkel’s Alleged Revenge Will Backfire

Courtesy of Mish.

Sirens of Blackmail

Having already explained twice what is going on with Tsipris’ ever changing statements, I find it amusing that eurozone nannycrats cannot figure things out.

A few snips from the Financial Times article Tsipras Urges Greeks to Defy Creditor’ “Blackmail” will explain what I mean.

Greece’s prime minister accused Europe’s leaders of attempting to “blackmail” Greek voters, just hours after apparently holding out an olive branch to the country’s creditors by accepting most of the terms of the economic reform plan they had tabled last weekend.

Eurozone officials said they were baffled by the mixed messages coming from Greece, which this week missed a €1.5bn payment to the International Monetary Fund and has been forced to impose capital controls to avert a financial meltdown.

In a nationally-televised address, Alexis Tsipras, the Greek premier, urged his countrymen to vote No in a referendum on whether they should accept tough terms for bailout aid, and accused EU leaders of threatening to drive Greece out of the euro.

“The sirens of destruction are blackmailing you to say yes to everything without any prospect of exiting the crisis,” Mr Tsipras said.

Baffled by Clear Picture

One has to be really dense to not understand Tsipras is saying and doing exactly what needs to be said and done to help sway a “no” vote on the referendum.

One might argue argue that eurozone officials do understand but purposely sound like they don’t, however, that idea two major strike against it.

  1. When stupidity is a clear choice, it is likely the right one. Occam’s Razor suggests the simplest answer that works is the most likely answer, and what can be simpler than stupidity?
  2. It could be in the best interest of the eurozone offcials to make a statement that Tsipras is electioneering.

Of course, the eurozone officials are also electioneering, so perhaps they simply feel trapped and have no idea what to do or say about Tsipras’ moves.

Merkel’s Revenge

Here’s an amusing story that is equally clueless in nature: Angela Merkel Takes Revenge on Greek Prime Minister.

Alexis Tsipras stunned Greece’s creditors on Saturday by walking out of rescue talks and calling a national referendum on their last bailout offer. Now German Chancellor Angela Merkel is taking her revenge….

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