Changing direction: Tsipras, Schäuble, Rutte


Dutch Finance Minister Jeroen Dijsselbloem (L) and Prime Minister Mark Rutte attend the debate on the European top and the loans for Greece in the Senate (Tweede Kamer) at the Binnenhof in The Hague, The Netherlands, 12 December 2012.

Six years and three bailout agreements down the line, the Greek economy cannot recover and it seems no one can make a policy commitment.

Better make no promises on the Greek economy.

Eyes initially were turned on the Prime Minister of Greece, Alexis Tsipras, for making a 180 degrees policy U-turn by accepting the terms of a third bailout programme. Little did he know that he was in fact setting a trend.

Eyes are now on the German Bundestag, almost by default. Greece’s biggest creditor will be debating and voting on the Greek bailout programme on Wednesday.

Following Wolfgang Schäuble’s remarkable 180 degrees turnaround o...

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