So this is my third follow up post on the situation in Greece: you can read my previous blog posts here and there. Earlier today, German chancellor Angela Markel coldly rejected pleading by Alexis Tsipras, the Greek prime minister, and ‘schooled’ him to accelerate his economic overhaul effort in return for cash.
Yesterday, European leaders gathered in Brussels to discuss energy and foreign affairs. In particular, the primary topic of their interest seems to be what they view as the repeated failures by the Greek government to deliver on commitments made in return for bailout funds. As I wrote in my first blog post on this topic, Tsipras had promised EC, ECB, and IMF to submit a list of overhaul measures. Merkel
asserts insists Greece to honor the February agreement and stressed the need for it to move as fast as possible.
The rest of
the Europe (at least the creditor countries) are basically calling saying tough luck on to Greece. President Hollande of France echoes Merkel’s stubborn stance, asserting “the necessity of Greece to deliver the reforms that are expected of it”. Finland cannot agree more with Merkel as well; its prime minister Alexander Stubb said that Greece had “no chance, absolutely” of getting any further money from Europe unless it first delivered on its February promises.
On the other hand, there are countries like Belgium that hold a grudge about Germany’s bossy attitude. “I am angry”, said Charles Michel, the prime minister of Belgium. “We did not give a mandate to either France or Germany to negotiate.” He believes that all EU members, not just a few powerful countries, should actively participate in mediation with Greece.
At any rate, Professor Smitka was precise in stating that “Germany is trying to bully a brand new government into an agreement”. Right now, Greece is facing a sort of ‘ultimatum’; the country needs to present concrete measures “in the next days”, whatever that may be. We will see how this mayhem goes down in those next few days.