Friday, February 20, 2015

Yves Smith — Greece Capitulates On Bailout, Reaches Four Month Deal


Yves parses the agreement.

Naked Capitalism
Greece Capitulates On Bailout, Reaches Four Month Deal


The Logic of Greece’s Request for a Loan Agreement Extension
Yves Smith

My thoughts— This "agreement" is sort of an agreement to agree that recalls the Minsk agreement. Parties to the agreement understand it differently and will act on it differently. What is accomplished was postponing Greece's getting the boot today.

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