News is coming in from Athens that, in a sudden decision, the Syriza Cabinet Council meeting scheduled for 7pm Greek time has been moved forward to 4pm – roughly one hour from now CET. There is no shortage of clues as to why this has happened. Eighteen ‘reform’ proposals were dispatched to Troika2 last Friday, at which time Syriza’s international economic affairs minister, Euclid Tsakalotos warned that – while Greece wanted an accord – it was prepared to go it alone “in the event of a bad scenario”. Tsakalotos told the UK’s Guardian newspaper that “We are working in the spirit of compromise, we want a solution, but if things don’t go well you have to bear the bad scenario in mind as well. That is the nature of negotiations.” But within hours of the submission – designed to release €8bn to Greece – the Eurogoupe was leaking like an ocean-going sieve….all of it negative. First eight, then ten, and finally Saturday late afternoon fourteen of the Leftist Syriza proposals were dubbed variously unsatisfactory and irrelevant.
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