Are these clowns playing a childish game meant for 5-year-old kids? First, the Greeks pride got the better of its debt, so Prime Minister Alexis Tsipras rejected a bailout offer, which he has dismissed as a “humiliation” for Greece. Despite economic chaos because the country was running out of money, hero Tsipras was adamant about it.

 

Mr Alexis Tsipras even called for a referendum, to which the courages Greeks voted to reject the terms of a new bailout by international creditors. Greece risks having to leave the 19-nation eurozone and abandoning the shared euro currency, yet the country’s citizens celebrated their victory last weekend after results shown they have won with 61%.

Subsequently, European leaders gave Greece until Sunday to reach a bailout agreement, or else. Greeks’ hero – Alexis Tsipras – rushed to save the world. Now, he has put a new proposal, seeking 53.5 billion euros (US$59 billion) to help cover its debts until 2018. Amusingly, the supposedly new proposals by Tsipras contain many elements rejected in a referendum last Sunday (*grin*).

 

Well, it’s called “politics” and it seems the Greeks have been taken for a ride by their own prime minister. After gotten a strong mandate from the Greek people, Tsipras makes a U-turn and is signing up the supposedly hated bailout plan put on the table. Obviously the prospect of a total collapse of Greek banks has shown the real side of Alexis Tsipras.

The measures submitted in the new Greek document by Alexis Tsipras include:

• tax rise on shipping companies
• unifying VAT rates at standard 23%, including restaurants and catering
• phasing out solidarity grant for pensioners by 2019
• €300m ($332m; £216m) defence spending cuts by 2016
• privatisation of ports and sell-off of remaining shares in telecoms giant OTE
• scrapping 30% tax break for wealthiest islands

Anyway, if the economic crisis in Greece is too sophisticated for you to understand, the above comics by TheSun may come handy. In layman terms, it’s all about a spoilt adopted teenager (Alexis Tsipras) who won’t pay his bills despite the insistence of his stern mother, German Chancellor Angela Merkel, and his father, French President Francois Hollande.

 

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July 10th, 2015 by financetwitter

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