http://www.slate.com...or_nothing.htmlThe reviews are in, and the critics are pretty much unanimous: Greece has caved. The country offered up a new bailout proposal to its European creditors on Thursday night that is largely similar to the deal its voters so roundly rejected in last weekend's referendum, complete with major concessions on budget surpluses, sales tax hikes, pension cuts, and the privatization state assets. Some of the austerity measures it includes may actually be more severe than the ones Greeks shot down at the polls.
Last I read, Yanis said he would have voted in favor had he been present.
First he was against, then he could not be present because of "family reasons" and then he was in favour. At least that is what the media was telling.
Now that Greece has proposed more or less what it rejected beforehand, the Eurozone finance ministers (especially Germany and Finland) think the proposal does not go far enough, so there is still no deal.
The Frankfurter Allgemeine Zeitung reported that Schäuble has a plan:
1. either Greece goes much farther than it proposed and has it approved by its parliament.
2. or Greece quits the Eurozone for at least five years.
Though apparently this plan has not been discussed between the Eurozone finance ministers.
The way I read the deal with Schäuble is that it seems to have gotten personal. He wants to show that he - and/or Germany in general - is not to be screwed with.
Toon Town is letting his hatred for Yanis get in the way of common sense.