Once more, kicking the can down the road

Posted by Antonis D. Papagiannidis 18/04/2017 0 Comment(s) Economia Blog,

In the present stage of the Greek adventure, the very notion of kicking the can down the road has acquired a new meaning.

 

Just after the Malta Eurogroup agreement between Greece and its creditors, the Troika/Quartet was supposed to come over to Athens, to resume the stalled negotiations. Then, the Easter vacation was invoked as a rational explanation to have negotiations pushed a little further; then, the April 21-23 IMF Spring Meeting, where the mid-term Greek debt relief measure is to be discussed, was used as a further milestone; then again the April 25 Eurostat laying-of-hands over primary surplus figures provided by the Greek authorities came to the fore.

 

This how April is slowly but steadily flowing away - together with hopes that some sort of overall deal would materialise for the Greek economy to stabilise. And for the Greek political system to gain in predictability. And for Greece's European partners to get rid of the "Greek headache", in time for the French-and-German electoral calendar to proceed with no further (Greek-induced) shocks.

 

Reiterated assurances on part of German Finance Minister Wolfgang Schaeuble, that the Greek issue would have no role in German elections, could well be given the lie in actual political practice. Then again, if politics were to follow the dictates of politicians, we would be living in a dull world indeed...

 

Kicking the can supplies politics with one further twist.

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