As Greece takes another step towards total capitulation to the German-dominated EU, or Fourth Reich, we begin to see who has the leverage. Although Greece always has the Russian trump card, this is a nuclear option that will likely irreparably damage relations for the country for generations to come. Greece likely realizes by turning towards the Kremlin, undermining and bringing down the entire EU, then possibly the global economy with it, will hold higher consequences. As said often before, Greece is going nowhere. The best case scenario for it is to be part of a newly structured second-tier currency bloc within the periphery of the EU — if it’s still called the EU by then.
He has been the subject of a spoof video from Germany showing him giving the middle finger. But now Greek finance [sic] Yanis Varoufakis is facing enemies closer to home after being overlooked by his own party.
Alexis Tsipras, the Greek prime minister, has stepped in to reshuffle Varoufakis’s team, which was supposed to be brokering the agreement, after negotiations took a nasty turn in Riga last week, according to the FT.
Jeroen Dijsselbloem, president of the Eurogroup, a group of finance ministers from countries that have adopted the euro, is said to have been contacting Tsipras directly, bypassing the finance minister.
The move will likely appease Eurozone officials, who have noted growing divisions between the premier and his finance minister. Tsipras has been under some pressure to get more involved in negotations.It certainly appeased the Athens stock market, which rallied 4.4 per cent.
Full article: Varoufakis sidelined as Tsipras steps in to negotiate with EU directly (The Independent)