(RIEAS Academic Advisor based in Seattle, USA)
Copyright: Research Institute for European and American Studies (www.rieas.gr) – Publication date: 30 November 2014.
Ever since April, and a much publicized re-entry in the capital markets to secure a loan, the Greek PM Mr. Samaras has taken no breaks from advertising his government's supposed "success" in leading Greece "out of her crisis." With the exception of Mr. Samaras's narrow circle of advisers, everyone knows that this claim is bogus. In October, Mr. Samaras took another bold, but utterly inane, step in announcing that Greece was about to ditch the IMF and stand on her own two feet. The reaction from the markets was predictable: a mini panic ensued, interest rates climbed sky high, and irate EU officials made cutting remarks "off the record" about the Greek government's "unpredictability" and "lack of vision."... Read more