Worst-case sce­nario

Kathimerini English - - Front Page -

The risk of ne­go­ti­a­tions with the coun­try’s for­eign lenders hit­ting a dead­lock is now ev­i­dent. The SYRIZA-led govern­ment has dis­played a stub­born at­ti­tude vis-a-vis the In­ter­na­tional Mon­e­tary Fund. And it did so de­spite clear warn­ings from the Ger­man and Dutch gov­ern­ments, among oth­ers. Now it runs the risk of hav­ing to ac­cept con­di­tions very sim­i­lar to those de­manded by the Wash­ing­ton-based in­sti­tu­tion, but this time without hav­ing the Fund’s sup­port in Greek ef­forts to be granted a sub­stan­tial re­duc­tion to the coun­try’s debt. It’s hard to think of a worse sce­nario.

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