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All eyes on PM Tsipras in Moscow; EU, USA fear Greece might asks Putin for a bailout

All eyes are on Greek Prime Minister Alexis Tsipras visiting Moscow, holding talks with Russian President Vladimir Putin. The BBC had a live stream when Tsipras laid a wreath at the Monument of the Unknown Soldier in the Red square  Just like the UK-broadcaster  would if the Pope or President Obama would visit Kremlin and the Russian Bear…

tsipras moscow

Why do they all care? They care, in fact they’re scared to death, that Tsipras might ask financial aid from Putin, a loan, a bear bailout, cash money that is , a rubble injection to meet Greece’s needs. And this makes them furious.

EU-politicians, policy-makers, European and international media “advise” Tsipras not to break the European Union front against Russia and do not tie a knot with Putin, do not jeopardize Greece’s position in the EU.

President of the European Parliament, talkative Martin Schulz  openly warned Tsipras  not to break the line on EU sanctions towards Russia.

Martin Schulz:

“Greece demands and gets a lot of solidarity from the EU. We can therefore also ask for solidarity from Greece and for this solidarity not to be ended unilaterally by pulling out of joint measures. Tsipras should base his actions in Moscow on that. The EU expects that from him as the head of government of an EU member state.”

Also the European Commission meant it had a say in Greek-Russian relations.

“We expect that all member states are treated equally and we expect as well that all member states speak with one voice to all our trade partners, including Russia,” EU Commission spokesman Daniel Rosario said.

The rumor kitchen is boiling. The frightening scenario claims that Athens and Moscow are plotting a secret bailout ever since the idea was first floated by Russian Finance Minister Anton Siluanov days after the Syriza party won the elections in January. Russian daily Kommersant reported that Moscow is ready to offer indirect financial help, citing an unnamed government source.

“We are ready to discuss the possibility of allowing Greece new loans. But in turn we are interested here in reciprocal moves, in particular in terms of Russia getting certain assets from Greece,” the source said, without specifying the sort of assets he was talking about.

Greece has denied all loan rumors ad Russian bailout plots, and told Martin Schulz to refrain from advises.

“Admonitions are not necessary, we know what to do in Russia,” an unnamed Greek government source said from Moscow and added:

“The strategic orientation of the country is given and known, but we have every right to exercise sovereign rights as a country and develop bilateral relations as we think best.”

Clarifying that Greece has not asked, nor intends to seek financial help from Russia the source stressed that “the problems with the Eurozone will not be solved through Moscow but within the EU institutions.”

Agenda: fruit embargo & energy

High on the agenda is more likely that Greece will ask a natural gas discount as well as the ‘take-or-pay’ clause, which requires Athens to buy gas it doesn’t use.

Under the current contract, Greece’s state gas company DEPA buys gas at $300 per 1,000 cubic meters. In 2014, DEPA was able to secure a 15 percent discount from Gazprom. Greece may be able to secure a further discount or renegotiate the ‘take-or-pay’ part of the contract if Athens offers Russian companies oil assets or rights to explore oil and gas deposits in the Ionian Sea.

Gazprom currently controls almost 70 percent of the Greek gas market. (

Another issue of great interest for Greece is the lifting of embargo on agricultural products, a Russian counter-sanctions against the EU that punished Moscow for the Ukraine.

Greece has been hit especially hard by Moscow’s food ban, as more than 40 percent of Greek exports to Russia are agricultural products. In 2013, more than €178 million in fruits and conserves were exported to Russia.

So far, we have little information about what Russia expects from Greece.

PM Alexis Tsipras and partner in life Peristera Baziana arriving in Moscow.

Prime Minister Alexis Tsipras meets with President Putin Wednesday noon and PM Dmitry Medvedev on Thursday.

Putin and Tsipras are to hold a joint press conference at 15:30 pm Wednesday.

While Tsipras is boosting relations in Kremlin, the Euro Working Group is meeting in Brussels Wednesday afternoon and Thursday morning to decide on Greece’s reform plan.

The much anticipated “Greek credit event” Cassandras were predicting for tomorrow Thursday seems averted. Greece sold  €1.1375bn in 6-month T-bills.

Interesting read: Fool’s errand the bad Putin and the good European Union


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  1. The Greek government has every right to negotiate in its best interests like any other sovereign nation within or outside the European Union. The indirect rule of Greece using the financial instruments of international bankers and creditor institutions must end, people before profit because people are more important than money.

    It is no business of the European Union, the United States government, the German government, the International Monetary Fund nor the European Central Bank what Greece does or does not do. I think it high time that Tsipras play his trump cards of not paying any further ‘servitude’ debts and politically and publically embracing as many trade deals with Russia & China as he can.
    The Greek government (and its peoples) are finally in a powerful, game of ‘chicken’ and they must keep their nerve against the machinations of the EU/Troika. The EU has much more to lose than the exit of Greece from the eurozone/euroland, ‘contagion’ will rise in Portugal, Italy & Spain – the EU superstate will collapse overnight.

  2. You really, really seem to believe that the USA, the EU, the IMF and the ECB are “scared to death” as you put it.

    This is nothing but a total overemphasize of your geopilitical role.

    Do whatever you fell is good for your country, but I would not count on the solidarity of your partner countries for much longer.

    Prostituting yourself to a totalitarian dictator did let the public sentiment in Europe and the USA tip over.

    But being a pupptet-on-a-string of the Russians is likely the very medicine you need and deserve. – Have a close look at Lukaschenko’s Belarussia and Kadyrow’s Chechnya. – You want to become Tsipra’s Greece the 3rd in row?

    Well – good luck and happy trails!

  3. I love KTG, I read almost everything you write. This is by far the best to date. So much naivety and humour in one post.

  4. Trade deals with Russia and China? Why not? You can benefit from their money and they will enjoy your olive oil! Greece is a country that has nothing but tourism to support it!

    Cheap holidays for the Russians it is then.

    You threaten the rest of the world with talks with Putin? I hope this works out for you, it won’t but you think it will.

    2001 you fiddled the figures to get a hold on the riches of the EU, now you have to pay it back, but don’t want to – where did your dignity go? Did you have any to begin with?

    Start paying and collecting taxes and learn to stand on your own two feet. Nobodies fault but your own.

  5. ‘While there may be a case for increasing pensions for the very poorest, Tsipras’ 13th pension would kick in for anybody who receives less than 700 euros a month, which doesn’t amount to poverty in Greece.’

    I just read this in Reuters (Hugo Dixon). I really wonder when was the last time he visited Greece. For one person, after rent, utilities and taxes it doesn’t leave a lot over for food, clothes and any other unexpected expenses. For a family it’s a nightmare! Quelle arrogance!

    • keeptalkinggreece

      probably he was once around Acropolis. I also criticized this article of him on Twitter.