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Greek Deputy FinMin Confirms Athens Is "Prepared For Rift" With Europe

Just days after Greek FinMin Yanis Varoufakis' comments about hoping the Greek people will continue to back the government "after the rift," were played down by Syriza; ekathimerini reports that Alternate Finance Minister Euclid Tsakalotos on Friday made waves by seeming to confirm that the Greek government was "always prepared for a rift" with its European creditors - "If you don't entertain the possibility of a rift in the back of your mind then obviously the creditors will pass the same measures as they did with the previous [government]," (which perhaps explains why default risks are soaring back to post-crisis highs).

 

As ekathimerini reports, alternate Finance Minister Euclid Tsakalotos on Friday made waves by saying that the Greek government was "always prepared for a rift."

Tsakalotos, who is the ministry's key official for international economic relations, made the comment during an interview on Star television channel, prompting a flurry of reactions and criticism on social media.

 

Tsakalotos was speaking just two days after Finance Minister Yanis Varoufakis was caught on camera during a visit to Crete on the occasion of Greece's Independence Day telling a citizen that he hoped Greeks would continue to back the government "after the rift."

 

Varoufakis' comment was subsequently played down by SYRIZA commentators who said he might have been referring to a possible rift with vested interests in Greece rather than with the country's creditors.

 

Apparently in the same vein, Tsakalotos said on Friday, "If you don't entertain the possibility of a rift in the back of your mind then obviously the creditors will pass the same measures as they did with the previous [government]." "We are creating ambiguity with the creditors intentionally because they have to know that we are prepared for a rift, otherwise you can't negotiate," he said.

 

He added that the new government is intent on backing "those who lost a lot in the crisis, and that we are prepared, if things do not go well, for a rift."

 

Prior to his comments, Tsakalotos took part in a meeting with Varoufakis and Prime Minister Alexis Tsipras.

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So is the plan to bleed the EU for as much as possible for as long as possible... then pull the Grexit "rift" card, pivot to Russia/China? Time is ticking loudly...