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Greece capitulates

Published Monday, February 23rd, 2015

Remember Minsk? It was only a week ago that Angela Merkel was being feted for her air-miles diplomacy. The “glimmer of hope” she saw was short lived. In the Ukrainian battleground a ceasefire is little more than a cigarette break. After Debaltseve it’s on to Mariupol and perhaps in due course to Latvia and Estonia where Russians make up 25% of the population. A Baltic adventure will enable Putin to test Nato’s metal.

The Greek ceasefire also proved shortlived and Greece has now capitulated. According to the Greek Finance Minister, Greece has “given ten miles” whereas, to quote a Greek daily, Germany has given an inch. After the negotiations Wolfgang Schauble commented with obvious satisfaction that the Greeks will have a difficult time explaining the deal to their voters. Victors are supposed to be gracious but had it gone the other way the Germans would have had a similar problem, and they were not alone in being outraged by the grandstanding of Yanis Varoufakis. We now have a new ceasefire but it is unstable.

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Posted by David Hufton