Schaeuble, Dijsselbloem, Samaras & the other kids prepare a 3rd bailout for Greece

Posted by in Politics

It’s a fact: Greece will get as third bailout and Greeks will have to deal with a new loan agreement imposing additional austerity to their already cut down lives. German Finance Minister Wolfgang Schaeuble said that directly, EU Monetary Commissioner Olli Rehn said that indirectly, Eurogroup head Jeroen Dijsselbloem said that blinking his eyes.

German Chancellor Angela Merkel: “We will know by middle of 2014 what amount will be needed”

European Central Bank Executive Board member Joerg Asmussen who visited Athens on Wednesday said.  however, that he did not talk about providing Greece with further aid. Asmussen described the Greek government structural reforms as ‘encouraging efforts’.

All good and clear and an new loan possibly very much needed, but how can Samaras-Venizelos thin majority government survive an additional bailout with an extra package of austerity measures?

The discussion about the planned lifting the ban of home foreclosure has been postponed for now after several lawmakers from the coalition government front expressed their strong opposition. Greek media reported that PM Samaras personally will seek a solution to the problem. The Troika is putting pressure for lifting the ban as of 1.1.2014.

But a third bailout? A new book full of chapters with further income cuts and new taxes, levies or however you call it? Is this possible without a heavy wound to the Greek government? No. I don’t believe it is possible. And then? What will be the alternative for Greece? Hopefully more devoted patriots – in the good sense – who will take care of the people and will not sell the country.