Picking up hard copies of the British newspapers to read on the train can be done anywhere. It is, however, normally avoided and the real news is to be found elsewhere and that is usually online. However, back in Blighty and the short hop on the train from Chester to Liverpools lends itself to at least a skimming and scanning of Daniel Finkelstein’s “quality press”.
Well, not his version of the daily drivel exactly, ‘The Financial Times’ it was today and not ‘The Times’, and it did at least provide some factual content away from the tripe. In view of my post from yesterday that content was mainly provided on Greece and in the sub-heading we can read, “cash strapped country’s apparent climbdown over creditor’s terms cheers markets.
There we have it and the newspaper that is read by a “who is who” of the City of London is confirming exactly what the Greek Communist Party feared long before the referendum, while also finding itself in agreement with Trotskyist 4th International.
Of course, many will argue that Tsipiras had no choice, but the fact is that in accepting the Structural Adjustment Programmes which will be dictated by the IMF, World Bank, and ECB, the Greek government will be stuck in the debt trap for decades to come and the bankers in Frankfurt, London, and New York will be rubbing their hands in glee.