If the EMU powers persist mechanically with their stale demands – even reverting to terms that the previous pro-EMU government in Athens rejected in December – they risk setting off a political chain-reaction that can only eviscerate the EU Project as a motivating ideology in Europe.
Forced Grexit would entrench a pervasive suspicion that EU bodies are ultimately agents of creditor enforcement. It would expose the Project’s post-war creed of solidarity as so much humbug.
Greece could not plausibly remain in Nato if ejected from EMU in acrimonious circumstances. It would drift into the Russian orbit, where Hungary’s Viktor Orban already lies. The southeastern flank of Europe’s security system would fall apart.
Mr Tsipras is now playing the Russian card with an icy ruthlessness, more or less threatening to veto fresh EU measures against the Kremlin as the old set expires. “We disagree with sanctions. The new European security architecture must include Russia,” he told the TASS news agency.
He offered to turn Greece into a strategic bridge, linking the two Orthodox nations. “Russian-Greek relations have very deep roots in history,” he said, hitting all the right notes before his trip to Moscow next week.
– From Ambrose Evans Pritchard’s article in the Telegraph: Greek Defiance Mounts as Alexis Tsipras Turns to Russia and China.
Over the past couple of months, I’ve at times been a strong critic of Greek leadership’s seeming unwillingness to demonstrate the courage necessary to flip the bird to EU bureaucrats and usher in paradigm level change for the long suffering nation. At the core of the problem seems the be the mandate under which Syriza was elected — namely to end austerity, but remain in the euro.
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