Greece debt crisis: 'No new plan' before summit

[Surya Gayatri]

Source: BBC News

Eurozone finance ministers say Greece has submitted no new proposals to secure a deal with its international creditors at a meeting in Brussels.

They had urged Greece to submit fresh plans after its people rejected a draft bailout in a referendum.


Greek banks remain closed and there is a €60 daily limit on cash machine withdrawals

Greece said it had proposed a few changes and hoped to secure "a mutually beneficial agreement on the basis of the mandate of the referendum".

But Germany said there was "still no basis" for talks on a new bailout.

Read more: http://www.bbc.com/news/world-europe-33426328

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But, but, that's NOT what we voted for say the 'NO' camp.

Alexis promised us that new and fairer proposals would be on the table within 24 hours, if we would only vote 'NO'.

He assured us that the EU would see the error of its ways and that they would strike a deal within 48 hours.

He swore that austerity was over 'if we wanted', and that our crippling debt would go "poufff", if we would just believe him and vote "NO".

What the hell happened?

[geek tragedy]

1. SYRIZA has been engineering a Grexit from the start.

They're just making it more palatable for the public by stringing it out.

They are now in an impossible position, because they need the help but aren't willing to make an offer. Because any offer would involve austerity policies, which would cause SYRIZA to implode.

[Surya Gayatri]

2. Spot on...it's all a power play by the ambitious Alexis.

He's led the suffering Greek public around by the nose since he came into office. Not to mention that buffoon of a Finance Minister.

He IS hoist on his own petard: damned if he does, damned if he doesn't.

[geek tragedy]

4. He's now seeking a "final exit"--from the crisis supposedly, but . . . nt

[Igel]

3. The only alternative insight I've heard

(and I think it's a good one) is this:

SYRIZA was formed essentially as an opposition party. It was handed the victory it wanted, but it remains an opposition party.

Opposition parties are good at "no."

Opposition parties are very bad at "yes."

And opposition parties are very, very bad at producing detailed, viable plans, and have few reasons to do so since their plans are pretty much invariably voted down. They are, however, good at making general or the occasional specific demand because then they might amend or alter proposals and plans proposed by others. They are also very good at posturing and venting.

[Surya Gayatri]

5. "They are also very good at posturing and venting..."