The Greferendum Shocker: Tsipras "Intended To Lose" And Is Now "Trapped By His Success"

[magical thyme]

It all started with a report by the Telegraph's Ambrose Evans-Pritchard, whose release of on the record comments by Yanis Varoufakis (which we noted was rather surprising) that Greece was contemplating a parallel currency and potentially nationalizing Greek banks over the weekend, was supposedly the catalyst that got the Greek finmin fired. As a reminder, this is what Varoufakis told AEP on Sunday night: "If necessary... issue parallel liquidity and California-style IOU's, in an electronic form. We should have done it a week ago." And this is what the WSJ said on Monday morning:

... the premier decided to act after Mr. Varoufakis told a U.K. newspaper late Sunday that Greece might introduce a parallel currency and electronic IOUs similar to those issued previously in California. Mr. Varoufakis quickly backtracked on his comments to the Daily Telegraph, but his prime minister had had enough, the people familiar with the matter say.

That was the first indication that the wheels had officially come off the Greek wagon.

Moments ago, we got confirmation of just that, when in another surprising twist it was again the Telegraph's Evans-Pritchard who reported that the Greek prime minister who decisively and unexpectedly pushed for a referendum on the last weekend of June, "never expected to win Sunday's referendum on EMU bail-out terms, let alone to preside over a blazing national revolt against foreign control."


more at link.
http://www.zerohedge.com/news/2015-07-07/greferendum-shocker-tsipras-intended-lose-and-now-trapped-his-success

[unblock]

1. hardly. this is politics. it's called positioning.

tsipras recognizes that he can't achieve any measure of success with brussels if he goes in, guns blazing, making demands.

"hey! greece voted overwhelmingly for my party and now they've explicitly voted overwhelmingly to end austerity. slash my debt now!" tsipras knows that won't work, it will get everyone's back up and the icy impasse will continue.

tsipras already has the "bad cop" in the form of the greek electorate, so he is playing the "good cop" himself.

"see, troika, i really am on your side, i want a deal, but help me out here, i've got this crazy electorate over there making crazy demands. i'd be more reasonable if it were entirely up to me, but just to keep those guys from completely losing it, ya gotta gimme something that looks good. i can help you by keeping them in check, but ya gotta help me out here, bud!"


never expected to win! ha!

hardly.

[Demeter]

2. If so, Yanis isn't the first non-political punished for truth-telling

And he was absolutely correct, IMO. Tsipras is entirely too fawning to the Troika...he should be thinking about Greece and what it needs to survive, regardless of the Eurozone.

[pscot]

3. Tsipras isn't alone in the trap

Merkel is down there with him.

[mother earth]

4. You have to remember Lapavitsas is more of a hardliner than Varoufakis & Tsipras.

He has been outspoken in his criticism right along, he is quite a force on his own.

Tsipras has to follow through, and Varoufakis knows and knew these things (his actions) must be done, but Tsipras has to deal with Merkel still. Tsipras and Varoufakis have been friends for years, and I've no doubt Varoufakis is a man of his word and will continue to aid on behalf of his country. Whatever played out behind the scenes, Greece still is in good hands.

All of this is chaotic and will probably be so for some time. It is still not over, and THIS is the less rocky road. Let's bear with them and see what happens.