A postscript on the post below, which I have just taken from ‘The Guardian’ live updates. Tsipras has, according to the finance ministers, “lost creditors trust“. Jeroen Dijsselbloem, the Dutch Finance Minister asks if the Greeks can be trusted, while Germany’s Schäuble says, “ We are not ready to accept calculations that are not believable.”
Of course, what we have here is a climb down and it is the Greek people who voted “No” who should be asking if Tsipras can be trusted. The evidence would appear to suggest that the beacon of hope that Greece provided in the battle against privatisation and the squeeze on public spending is in the process of being extinguished, while the handmaidens of an economic system which quite simply doesn’t work are getting ready to remove Syriza and Tsipras from power.