German Finance minister Schauble speaking on 'Strong Euro - strong Europe', 2013. Demotix/ Goncalo Silva. All rights reserved.The European Council agreement on Greece is an exercise in economic sadism and political coup d’état. But its economic and political consequences – for Athens and Berlin - are more complex than may at first appear.
“They crucified him there”. Alexis Tsipras has suffered “an extensive mental waterboarding” – the torture favoured by the Americans - in the marathon of the European Council ended on the morning of Monday July 13. This is how officials described the situation inside the longest EU summit, which ended with a document imposing harsh conditions on Greece for a new programme of financial "aid" from the EU and the IMF. Let us have a closer look.
