Wednesday, April 8, 2015
Better the Devil you know than the Devil you Dont
We hear that Greek PM Tsipras is visiting Moscow for talks with Russian President Putin. The talks will be regarding alternative financing for Greece's huge National Debt. The question to ask is why would Mr Tsipras do this? He is well aware of how Greece's EU and NATO partners would view the prospects of Russia having financial interests in Greece, the potential to call the shots and pull the strings.
While aggravating tensions over Greeces East - West allegiances, at the same time Mr Tsipras is determined to annoy the EUs largest contributor, Germany, with a demand for War Damages. Earlier Greece had a better chance with its demand for the return of €10.3Bn funds seconded from Greek banks during War occupation. But Germany had even denied responsibility for this. German budget spokesman Eckhardt Rehberg, stated that "the reparations issue is for us closed, politically and legally - the same applies to the so-called forced loan". Now comes the demand for €278.7Bn.
The German position remains unchanged, that the matter of War damages was settled internationally decades ago, and German finds itself under no further legal nor moral obligations on the subject. Mr Tsipras would know that ploy is leading nowhere, so why has he done it? This lies together with his Finance Minister Varufakis, policy of game theory tactics. Taken together the moves of talking to Russia while aggravating the Germans over War damages is only designed to try to increase Greece's bargaining position.
But such childish tactics won't work with seasoned senoir politicians, who also know that Mr Tspras knows that Greece is better off with the Devil they know!
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