Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
That is true, but with the caveat that Syriza is committed to keeping Greece in the Euro so long as the other parties to that arrangement fulfill their obligations. Which includes, among other things, rediscounting Greek treasuries held by private (and nominally private) banks with access to the Eurosystem rediscount facilities.

In other words, Syriza is leaving itself an out in case the ECBuBa starts making noises about another coup d'etat against the Greek clearing infrastructure.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Jul 18th, 2014 at 12:17:56 PM EST
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