{"id":5356,"date":"2015-02-07T08:20:29","date_gmt":"2015-02-07T13:20:29","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5356"},"modified":"2015-02-07T08:20:29","modified_gmt":"2015-02-07T13:20:29","slug":"why-the-beautiful-new-greek-government-is-screwed","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5356","title":{"rendered":"Why the Beautiful New Greek Government Is Screwed"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/wolfstreet.com\/2015\/02\/06\/why-the-beautiful-new-greek-government-is-screwed\/\" target=\"_blank\">Why the Beautiful New Greek Government Is Screwed<\/a><\/h3>\n<p>Greek Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis, often in a good-cop-bad-cop manner, have been cruising through the media, lobbing a mix of admirable rhetoric, verbal hand grenades, and down-to-earth explanations. And they have become white-hot media darlings.<\/p>\n<p>So Varoufakis was in Germany to meet with his counterpart, Wolfgang Sch\u00e4uble, and they didn\u2019t \u201ceven agree to disagree,\u201d he said. He urged Germany to help end the \u201cgross indignity\u201d of the Greek debt crisis. The Troika\u2019s austerity program had wasted \u201ctoo much time, hopes, lives,\u201d he said.<\/p>\n<p>But it\u2019s all about other people\u2019s money.<\/p>\n<p>They\u2019d come to power with a pledge to wipe out half of Greece\u2019s insurmountable pile of debt. Debt restructuring, debt exchange, more haircuts for bondholders, exit from the Eurozone\u2026 these are the kind of\u00a0terms that Syriza party officials have bandied about before and after the election victory.<\/p>\n<p>To show that this isn\u2019t just talk, that the Greeks mean business, the government hired Lazard\u2019s government advisory arm, headed by Matthieu Pigasse, master of sovereign-debt restructurings. And they made sure the\u00a0<a href=\"http:\/\/www.wsj.com\/articles\/the-lazard-banker-shaping-greece-and-ukraines-financial-fate-1423067028\">media picked it up<\/a>.<\/p>\n<p>Syriza is also running a highly effective charm offensive. Not just words and smiles \u2013 but actions, or at least symbolic actions. It wants to show that it\u2019s different from the prior succession of corrupt, self-serving governments.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why the Beautiful New Greek Government Is Screwed Greek Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis, often in a good-cop-bad-cop manner, have been cruising through the media, lobbing a mix of admirable rhetoric, verbal hand grenades, and down-to-earth explanations. And they have become white-hot media darlings. So Varoufakis was in Germany to meet [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[2872,195,200,285,359,1167,3265,2236,2921],"class_list":["post-5356","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-alexis-tsipras","tag-debt","tag-default","tag-eurozone","tag-germany","tag-greece","tag-greek-government","tag-syriza","tag-yanis-varoufakis"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5356"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5356\/revisions"}],"predecessor-version":[{"id":5357,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5356\/revisions\/5357"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}