“The Hellenics Play “Quien Es Mas Macho?” de Christopher T. Mahoney
For those who enjoy high-stakes financial drama, there is an exciting contest going on now between Cyprus and Greece as to who can push the Troika the furthest without turning it away for good.(…)
Both countries are supposed to run out of cash in mid-November, so they are dancing on the edge of the precipice. They know that Europe will agree to almost anything to prevent them from leaving the eurozone, which they think gives them leverage.
They are playing a very risky game, because it isn’t Europe who has the final say on whether they get the money or not. That rests with the elected representatives of the very stingy German and Finnish people, who have reserved the veto power to themselves. A few emollient phone calls from Hollande or Monti, or a few desperate phone calls from Athens or Nicosia, are unlikely to sway many votes in Helsinki or Berlin.
(via Jorge Costa que inexplicavelmente se encontra afastado da blogosfera)