We know by now that Syriza's populace, left wing ideology was no more than talk and has morphed the current Syriza leadership (Tsipras and Varoufakis ) in to nothing more than the HATED Samaras regime who acepted the basilout and all of the humiliating, pride stripping agreements that have been an anchor around the Greek people's collective economic leg.
What you may not have known and what I didn't even imagine as I saw the additional and "substantial" measures that Greece only had the weekend to draft and submit to the Troika for acceptance otherwise the entire deal from Friday would be dead, as a punitive action undertaken by the Troika, was nothing even close.
It now appears (with evidence) that the Greeks or Syriza's current leadership did not even draft the "substantial" additional measures Greece would undertake to secure the bailout that Syriza came to power promising to vanquish. The draft which initially was surrounded by confusion as it was said that it HAD NOT been turned in by the midnight deadline Monday, was accepted with no alterations by the Troika. However the draft was not written by Greece, but in fact drafted by none other than the Troika itself.
While others were focussed on the content of the LEAKED Greek reforms, Yannis Koutsomitis (I don't know who he is) posted this on Twitter after having taken a quick look at the "Author" tab of the document which not only gave the author, but the time the draft was written, from Twitter...
In case it's not visible, when clicking on the document properties, the author is revealed as Costello, Declan (ECFIN) at 10:09m pm on 2/23.
Who is Costello, Declan? Here's a link to his bio.
In short, "Declan Costello is an Economist working in the Directorate General for Economic and Financial Affairs of the European Commission since 1991. Currently he is Head of Unit in the department responsible for the 'Coordination of structural refroms and of the economic service, which is involved in developing the economic framework for analysing progress with structural reforms at EU and Member State level towards raising growth potential (the so-called Lisbon strategy), and developing EU policies in response to the economic crisis."
In other words, the agreement of additional and significant reforms the Greeks were to submit was written by the Troika's own hand and thus easily and quickly accepted as having gone far enough as they dictated the very terms.
While this scandal is unfolding and countermeasures are being launched by the IMF to try to defuse the situation, the second and very influential leader of Syriza has launched in to a tyrade against what the newly appointed Syriza leaders did on Friday and soon the talk will be on the subsequent actions above. Syriza who swept in to power promising to take Greece out of the Troika Bailout and return Greek's sense of pride as well as their economic well-being, is now seeing a near full-scale revolt within the party itself, which may make it very difficult in the coming days for this agreement and for Syrixa's survival as it is in which the latest author ponders if there's even a reason for Syriza's existence and goes on to outline what would need to be done to validate the reason for Syriza's existence and what must be done, what was promised.
You can read Stathis Kouvelakis, a member of Syriza's central committee, rebuke of the latest Greek/Syriza actions here.
The translated document starts with the following...
The Greek drama is far from over and as I have said since the acceptance on Friday, represents nothing but downside risk to the markets and moreover to the existence and sustainability of the EU & its Financial sector.
While this may seem trivial, I assure you it's not. Germany has not gone to the extremes it has for nothing, they understand that this represents more than just a loss of their lion's share of the loan to Greece, it represents a total loss to numerous banks and central banks throughout the Euro-zone and beyond.
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