This is what peak bluffing looks like.
Moments after there was much hope for a deal, suddenly ze Germans yanked the carpet from under any potential leverage Greece may have though it had when the Maltese foreign minister said:
- GERMAN-LED BLOC WILLING TO LET GREECE LEAVE EURO, SCICLUNA SAYS
- "I think they’ve now reached a point where they will tell Greece if you really want to leave, leave"
This in turns follows minutes after a Spigel article said that the ECB prepares for Greek euro exit. From the article, google-translated:
The European Central Bank (ECB) is preparing for a Greek exit from the monetary union. To that effect, Employees by information obtained by SPIEGEL, an internal simulation games by how the rest of the euro zone could be held together.Despite all the denials to urge the European monetary authorities the Greeks to finally introduce capital controls. According to the findings of the ECB, the Greeks have a day more than one billion euros abroad.The International Monetary Fund ( IMF ) holds a Greek exit from the monetary union for the rest of the euro zone manageable. The Europeans had pulled up in recent years firewalls that may prevent skipping the crisis to other countries, according to Washington.For a Greece leaving the euro zone would be related to the IMF, with significantly higher costs than if the country would be free to pursue further reform.
The bluffs will continue until one or the other sides admits defeat.
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