This is good read from Larry Elliot, Economic Editor at the Guardian. Check it out!
Elliot considers whether Alexis Tsipras is effective in outmaneuvering the troika. Ultimately, I fear that it will be the Greek people who are the big losers. The creditors will not give extra money to Greece without hard reforms, despite all the protestations in Greece. For sure, the Tsipras government is right to point out the weaknesses of the previous negotiations – but those negotiations were ratified by a properly constituted Greek government. Now the people of Greece have said enough austerity and elected a left-wing government to be their mouthpiece.
Unless Prime Minister Alexis Tsipras can convince the Greek people (and rebels in his own government) to accept ‘reasonable reforms’, then I fear that Greece will default on its debts and be forced to leave the European Community. Outside mainstream Europe and deprived of capital, Greece could well turn to Russia but the citizens of Greece will suffer Argentinian levels of poverty, I fear.