He accused Germany, the main driver behind the agreement and Athens’ biggest lender, of treating Greece as a colony and using blackmail – the threat of expulsion from the Eurozone – to get Tsipras to accede to its demands.
An exit from the euro would be calamitous for Greece, at least in the short term. Athens would default on billions of dollars in debts, business would grind to a halt and Greeks could find their savings slashed with the introduction of a new currency.
Greek finance minister Euclid Tsakalotos arrives at the residence of Prime Minister Alexis Tsipras in Athens on Tuesday. (Christopher Furlong / Getty Images)
Defense Minister Panos Kammenos, head of the right-wing Independent Greeks, the junior party in the ruling coalition, said the other Eurozone leaders were trying to engineer the fall of the Greek government by setting such intolerable conditions for their financial assistance .... http://www.latimes.com
