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Wednesday, February 11, 2015

Responsible Adults Are Still Thin On The Ground...

From my highly distant vantage point, it looks like the meeting of finance ministers just acted as a means of political posturing. This probably should have been expected. My guess is that there is not a large enough a coalition in favour of ejecting Greece, and so some form of "muddle through" will be opted for. In this case, Syriza would be given time to formulate detailed reforms. It was silly to expect that those reform proposals would be ready within days of being elected, as they lacked access to the machinery of state to properly analyse the details.

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