Sunday, June 28, 2015 – 10:00 a.m.
All eyes on the new Greek play. Really?
Greek Prime Minister Alexis Tsipras has called for a June 5 referendum asking voters to decide whether to accept more economic pain, which they will. But all the back and forth rhetoric over the weekend is sort of entertaining.
Then there’s the kabuki dance. Tsipras bashes the European Union, leaders of EU nations and the various financial institutions. Then the other side bashes back and tightens the crews.
Everyone knows the end game. Squeeze more pensions cuts and higher taxes from citizens of a country that lives beyond its means.
It’s interesting drama and nothing more.
Besides, if Greece defaults on its bonds, it’s the various European government agencies that hold them.
In the end, it’s political cover for Tsipras and a nuisance for the rest of us.