The Traderszone Network

Published in TZ Latest News 12 July, 2015 by The TZ Newswire Staff

Tsipras Responds To Eurogroup Proposal, Demands Changes

Facing abject humiliation at the hands of the German finance ministry, Alexis Tsipras arrived at Sunday’s Eurosummit a broken man. 

Having gambled his country’s future in the eurozone on a referendum he might well have expected to lose, the Greek PM found himself in a completely untenable position last Monday. Greeks had overwhelming rejected Europe’s latest proposal, sending the country’s economy into a veritable tailspin and leaving Tsipras to contemplate how he might salvage Greece’s place in the EU without betraying Syriza’s constituency. 

It was an impossible task. 

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