Greece ready to jump ship ?

Tuesday 14th April 2015

 Greece ready to jump ship ?

 "Greece prepares debt default options", The Financial Times, p.6

Right, where have we got to with this ? In short, Greece needs to find  2.4bn euros this month to pay pensions and civil service salaries. In addition, it will need to repay a total of 2.5bn euros to the IMF in May and June.  It is seeking 7.2bn euros in additional bail-out funds from its creditors, who in return demand plans for radical reform. So far, Greece's plans for reform are not nearly radical enough.

 Now, the FT quotes a government source who says that the end of the road is nigh .... either the creditors will release the funds  or default is inevitable. The question is, does this guy speak with any authority or is this just a negotiating ploy, a huge bluff ? If it is, it's a very dangerous one. 

For a damning assessment on how Greece's Syriza government has performed since the election, you really should check out :

"Syriza makes transition from heroes to hopeless in only three months", Oliver Kamm in the Times, p.35