So the Greek government 'wins' a vote to oppose 'austerity'. Under 1 week later they propose to the creditors pretty much the exact same deal that they opposed and put to a vote.
How much of a clown is Tsipras ? He promised post-vote the banks would be open in 48 hours, they are still closed. Promised that the vote would strengthen his negotiating position, it accomplished the opposite. Promised that they could 'cancel' austerity and stay in the Euro, that's not working out too well.
How exactly did he expect this to play out ? What, was he going to threaten his creditors that he would declare bankruptcy, killing any future credit from Europe. How did he think that Greece would pay for anything imported after they declared bankruptcy ? Where would they get any money at all ? They would have to print their own drachmas knowing that nobody outside of Greece would accept them.
Basically they held a vote asking them to ignore basic economics, may as well have had a vote declaring that the moon was made out of cheese.
This will play out one of two ways
1 - Greece accepts the conditions for more European funding
2 - Greece declares bankruptcy, collapses, the world steps in with a massive foreign aid program
Time for the adults to take charge in Greece.
