As any of my regular readers will know, I am a Grecophile. I’ve been there a lot and I love the people, the country and especially the food. And if there’s one thing I’ve learnt over the years, the Greeks like to cook things slowly, unhurriedly and at a relaxed pace…
So what’s this got to do with anything, I hear you asking? Well, the Greek bailout comes to a head this month – around the 14th to be precise – when the government pays out €1.7billion in social security payments and a further €1.4billion to repay 6 month treasury bills. And of that’s not bad enough, the next day is when the emergency bailout is reviewed. The Fourth Reich has the power to pull the plug and bankrupt Greece.
Of course this won’t happen because, like their cooking, the Greek play a long, slow game. They’re the masters of brinksmanship. They know that Brussels will do pretty much anything to stop Greece leaving the Euro so they’ve decided to wind them up a bit by sending their Prime Minister to Moscow for a cosy chat with Vladimir Putin.
This, of course, pisses the Reich off even more because it is seen as breaking EU solidarity over their foreign policy on Russia in response what’s happening in Ukraine. The Greeks are well aware of this.
So what’s going on? Well, the Greek government is certainly more left leaning that its predecessor and is in real danger of having no dosh – and if you can’t get it off Brussels then why not Moscow? Putin will be more than happy to get a foothold in Greece and will no doubt be wanting his pound of flesh in return, plus there’s the political credence to be gained in Russia at a time when Putin’s popularity is not at it’s highest point.
Yep, good politics all round. Putin gets to look like the caring, sharing, concerned world statesman that he certainly isn’t. Brussels get’s the noose tightened around it’s financial neck. The Greeks win either way by playing both sides against the middle.
My guess it that a Brussels climb down will be on the cards at about one minute before the Greeks run out of funds. Slow cooking at it’s finest…