Earlier we mentioned reports of a "hole" in the new austerity plan, suggesting that already the deal isn't expected to reduce the debt by as much as previously advertised.
That's not all that's going wrong.
FT has a good story on how the new Greek finance minister, Evangelos Venizelos, has managed to anger the rest of his European counterparts, by attempting to already renegotiate privatization plans and also change the timeline of the imminent vote.
The article quotes on diplomat as saying “He managed to say everything he shouldn’t have said,” referring to his performance at a meeting in Luxembourg
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See Also:
- Why The Divide In Greek Politics Is Looking Very American
- Spanish Central Bank Chief Is The Latest To Say A Greek Debt Restructuring Would Be A "Disaster"
- Goldman's Quick Take On Greece: A March Toward A Managed Deleveraging
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