Back to Europe...

Posted by Antonis D. Papagiannidis 23/10/2017 0 Comment(s) Economia Blog,

The visit of Greek Prime Minister Alexis Tsipras to the U.S., his meeting President Trump at the White House - with some Rose Garden thrown in for good measure - and the positive comments on both sides about the promising future of U.S. - Greece relations both in geopolitical terms (with a promised upgrade of the F-16 fleet at a cost of up to 2.4 bn U$ plus a new start-cum-extension  for the Souda Bay military facility in Crete) and in terms of investment-intentions noises made -, all of this has raised eyebrows and opened new perspectives. It depends which side of optimism/hopefulness or pessimism /cynicism one opts for...


Once the U.S. trip was over for the Greek P.M., much invective was produced about the results brought home. The F-16 upgrade costs, the real impact of Souda, the effective results of investments in Greece - all was used as ammunition from the Opposition. All the while, the Government reveled in the image effect of the official visit, of the (international) media coverage - as well as the positive noises made by the U.S. Administration about the wisdom of some credible Greek debt relief (to be agreed by the European creditors, of course). The fact that IMF Director General Christine Lagarde had already joined in, with more technocratic-minded but converging admonitions, was a further cause for Athens to rejoice.


And then, once this trans-Atlantic business was concluded, came the realisation: “Now, back to Europe”.


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