GREECE’D: We Voted ‘No’ to Slavery, but ‘Yes’ to Our Chains By Yves Smith

7 July 2015 — Naked Capitalism

Yves here. As this article describes, the cheerleaders over the Greek referendum last weekend has badly misread the game in play. Tsipras is now working on a coalition basis with all parties save Golden Dawn, which means firmly pro-Eurozone parties such as To Potami and New Democracy. And as he and other party leaders promised in the runup to the election that with a voter mandate, they’d be able to get a better deal from the creditors.

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