Regierung Tsipras fordert Gläubiger heraus – Verhandlungen im Zeichen akuter Finanznot Griechenlands
Tsipras Government Challenging the Creditors – Negotiations while Greece is Threatened by Insolvency

Summary/Abstract: Greece’s new government, which was elected on 25 January 2015, promised to offer the Greeks, who have been hit by the financial crisis so bitterly, a better future and to enforce a debt relief, so that “the dictatorship” of the lenders’ Troika, composed of experts from the International Monetary Fund, the European Central Bank and the European Commission, would come to an end. But it took no more than four weeks for the new government to be disenchanted, as it had to ask the creditors for an extension of the current bailout. When the negotiations started, Greece permanently felt the pressure of insolvency. Much time was lost as no compromise between the Greek authorities and the lenders could be found. The Greek government adhered to election promises and showed no willingness to continue with fiscal consolidation and structural reforms to strengthen Greece’s international competitiveness. As the new government has no ties to the political establishment in Greece it should have the chance to combat corruption, clientelism and tax evasion. Up to now there has been no sign that the government enforces this reform potential. After a longer period of negotiations no guarantee was given that Greece’s future in the Eurozone would be secured.

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