The
Greek government is playing hard ball. They are convinced, I guess, that in the
end the EU creditors will do whatever it takes to keep Greece within the Eurozone.
And their poker hand is based on that assumption.
It´s
a risky position. Athens might know more than we know about the concessions the
other Europeans could possibly be ready to accept. But I am not sure they know.
They just take the chance and hope to be right, that´s what I believe.
At
this stage it is difficult to forecast the events of next week or so. We are
certainly close to a clarification. And that moment of truth might be a
difficult one for the Greek people.
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