Further to the earlier Slogpost today about the Syriza Cabinet Council meeting being brought forward from 7 pm to 4 pm local time, it has now been officially announced that there will be an emergency debate in the Greek Parliament tomorrow.

Later during the early afternoon of New York EST, the Wall Street Journal carried a confirmation of Troika2’s dissatisfaction with Syriza proposals presented to them last Friday 27th March, asserting that ‘Greek proposals for a revised bailout program don’t have enough detail to satisfy the government’s international creditors, eurozone officials said, making it more likely that Athens will need to go several more weeks without a new infusion of desperately needed cash’.

Greek finance minister Euclid Tsakalotos warned on Friday that gratuitous rejection of Syriza’s plans would produce what he called “a very bad scenario”. On hearing the news tonight about eurogroupe rejection and tomorrow’s debate, Greeks across the political spectrum were said to be united behind the Government of Alexis Tsipras. Earlier this afternoon, former Prime Minister and Nia Demokratia leader Antonis Samaras went to Syriza headquarters in central Athens for talks about how to react to this latest EC response.

Regardless of when the debate begins, it will be interesting to watch the euro’s ‘value’ once the news breaks in New York about this latest Troika2 intransigence. It may well concentrate minds in Brussels, Berlin, Frankfurt, the Hague and even Paris. But it won’t change minds in Athens.


  1. John:

    In your earlier post you labeled Minister Tsakalotos as Int’l Economic Affairs Minister. In the latest post, you labeled him as Finance Minister.

    Please clarify.

    Has Minister Varoufakis gotten the sack?


  2. I sincerely hope that the Greek parliament does not lose its nerve and capitulate.

    There is no doubt that previous governments have played fast and loose with the Greek economy and to a considerable extent have been the architects of their present demise. However, the total lack of pragmatism on behalf of the Troika compounds this and it now seems that their sole intention is to grind what is left of Greece into the dust “pour encourager les autres”.

    If Syriza want to be the ones wearing the white hats and standing on the high ground then whatever the Greek parliament decide should be put to a referendum and demonstrate real democracy in the face of blatant coercion.

    For Syriza a referendum can only be a win-win move provided that their motives for seeking power were honourable in the first place.

    Meanwhile, pass the popcorn and wait for the markets to open.


  3. Just in from the golf club, Are we still talking about this !
    For once the markets tomorrow will indicate what is going on.
    All too fast for the CBs to react.
    I for one, am getting ready to have a punt again, hands hardened to catch the falling knife after joyfully kicking the dead cat into touch. Steady as we go. Milliband, Balls and Pimco give us a special opportunity, not to be missed if you can read the signs.
    Good night and good luck, if you have a steady nerve.


  4. It’s disgustingly interesting how many pundits say that Syriza has no choice but to come crawling on its knees and do whatever the eurozone pricks say. That is what Greece has previously done time and again, which got them to this situation, thanks to the plutocrats and kleptocrats. When the going gets tough, you find out who your real friends and supporters are.


  5. Here is a link to an insightful column from zero hedge about the greek situation:
    Meanwhile, here in the good old U.S. of A., we’re too busy (those of us who pay attention to the news) throwing stones at each other to notice the developments elsewhere in the world, or what the banksters are up to.
    Utah passed a law to carry out death sentences by firing range.
    Indiana and Arkansas passed laws giving businesses a “religious freedom” defense to discriminate and not do business with gays and lesbians.
    Virginia, North and South Carolina are moving forward with plans to allow oil and gas drilling in the Atlantic Ocean.
    Lobbyists, regulators and government employees continue to play revolving door.
    Hillary Clinton won’t reveal what emails she deleted from her server.
    Republicans continue to gut environmental protections.
    Wall Street and the oligarchs are pumping record amounts of shady money to political candidates, thanks to the Supreme Court’s Citizens United decision.
    The NSA and CIA are being granted even more widespread powers to eavesdrop on citizens.
    Kansas passed a law that negates the requirement to obtain a permit for a concealed weapon.
    It is now legal to bring guns to playgrounds, parks, restaurants and bars in many states. And soon to other public places.
    For-profit charter schools are taking public money from public schools and bringing back racial segregation.
    Most of the jobs being created are low wage with no benefits. People are having to work multiple jobs to support their families.
    You can buy a college degree from a for-profit “college” by taking online courses.
    The big news of the weekend was who did Barack Obama play golf with in Florida, or what Kim Kardashian was wearing with her latest selfie.


  6. Russia is going to love it’s new holiday colony/military outpost situated on the mediterranean.


  7. Indeed…

    Your point raises another interesting question. It must be obvious to Tsipras that the EU will never release their grip, they will squeeze and squeeze until the sovereignty is extinguished. Given this you would have thought that they would have gone running to Vlad already since as you say I am sure the Russians would forgive the Greeks their minor indiscretions in return for the access they would obtain.

    My guess is that Tsipras and Varoufakis have been told that they can play politics for a while but if they try anything that looks too much like true representative democracy then they’ll be removed Gaddafi style.


  8. If Syriza can keep the 99% of Greeks on their side I think the sprouts would think twice, don’t want too much civil unrest on their doorstep or doormat depending on how you look at it. I can imagine soon there will be a decisive referendum on the situation, sure Davros would love that.


  9. ImpPsych/Garry
    I think it is very important for ANY Leftist Party in Greece to prove it has gone the extra kilometre – and not just fired off an ICBM at the first opportunity.
    They’re in a sandfall egg-timer: their electoral support is in the top half, and the B-am-B pressure’s in the bottom: they have to choose the perfect moment to stick up the two fingers.
    My personal view is that they’re in danger of passing that point – but the vast majority of Greeks disagree with me. On verra.


  10. Pingback: John Ward – Greece : Syriza Calls Emergency Parliament Debate For Tomorrow – 30 March 2015 | Lucas 2012 Infos

  11. The bottom line is the Greeks fear leaving the Euro even more than they hate taking marching orders from Merkel so they will roll over when the chips are down and do as they are told.


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