"Revenge" and "punishment" are quite right. The Guardian says:Mr.Cyan said:The Empire's ultimatum is either this "savage" package or the highway (Grexit) - typical psychopatic thinking as the "revenge" for the referendum outcome. While this was not unexpected, it is disheartening to know that they are now dropping their mask and going for the chaos option. Also the Empire seems to think that it can "punish" Greece either way through more further severe austeriry, or from the chaos of Grexit. All signs also indicating that Germany prefers the Grexit option. They also probably assume that they will be able to manage the Grexit while ensuring more suffering for the Greek people - i think this could be wishfull thinking, and if/when Grexit happens, as Perceval mentioned this could be the start of the unravelling of the global financial system.
So it's not about economics, it's about domination.In what a senior EU official described as an “exercise in extensive mental waterboarding” to secure Greek acquiescence to talks on a third bailout in five years worth up to €86bn (£62bn), the two leaders pressed for absolute certainty from Tsipras that he would honour what was on offer.
Two days of high-stakes negotiations between the finance ministers of the currency bloc resulted in a four-page document that included controversial German elements leaked on Saturday. Those measures included Greece leaving the euro temporarily by taking a “time-out” from the currency bloc if it refuses terms for talks on the new bailout or, in the event of agreement, that Greece sets aside €50bn worth of assets as collateral for new loans and for eventual privatisation. Both passages, however, did not enjoy a consensus among eurozone leaders.
Under the terms set before Tsipras on Sunday night, the Greek parliament has to endorse the entire package on Monday and then pass several pieces of legislation by Wednesday, including on pensions reform and a new VAT regime, before the eurozone will agree to negotiate a new three-year rescue package.
The terms are much stiffer than those imposed by the creditors over the past five years. This, said the senior official, was payback for the emphatic no to the creditors’ terms delivered by the snap referendum that Tsipras staged a week ago.
“He was warned a yes vote would get better terms, that a no vote would be much harder,” said the senior official.
The Eurogroup document said experts from the troika of creditors – the International Monetary Fund, European Commission and European Central Bank – would be on the ground in Athens to monitor the proposed bailout programme. The trio would also have a say in all relevant Greek draft legislation before it is presented to parliament. Furthermore, the Greeks will have to amend all legislation already passed by the Syriza government this year that had not been agreed with the creditors.
I thought that too. "An offer they could not refuse", to quote The Godfather.There may be another explanation. Tsipras et al may have been made aware of the kind of reality that awaited the Greek people after a "Grexit". Here we're not just talking about Greece finding a way to get back on its feet, but rather being cast adrift, alone, defenseless, a pariah, hated by the EU central powers and rich pickings for the vultures. In addition, if it turned to Russia etc. that would make it ripe for "regime change" and all sorts of other Washington-inspired problems. A former EU state being outside the Euro, at this point in history, is probably not a place for the faint of heart.