Enemy Intelligence: Bruno Waterfield of ‘The Times’ on the Greek crisis

July 1, 2015 at 10:56 pm (capitalist crisis, Europe, Greece)

We reproduce this, from today’s (London) Times, because it seems to be well-informed, and it’s only otherwise available from behind Murdoch’s pay-wall. We do not know whom the “senior German conservative” is, but it might well be finance minister Wolfgang Schaeubl

‘No new bailout unless Tsipras goes’

Greece will not get a cent in new euro-zone bailout loans while Alexis Tsipras and Yanis Varoukaris remain in power, because Germany will block any such deal, one of Europe’s most influential politicians has told The Times.

“Today there is the question of do we trust Tsipras and Varoufakis? The answer is clear to all parties, no,” the senior German conservative said.

He also lifted the mild on a European Union attempt to push Mr Tsipras’s left-wing Syriza out of power regardless of the vote on July 5.

If Greece’s prime minister and finance minister remained in office, even after a “yes” vote in Sunday’s referendum, then Athens would stand no chance of a new bailout, he indicated.

Under the rules of the European Stability Mechanism, the euro’s bailout fund, the German parliament, or Bundestag, has a veto or blocking vote over any new programme such as that requested by Greece at the 11th hour.

The senior German conservative said that Angela Merkel’s ruling Christian Democrat Union (CDU) and its Baverian allies the Christian Social Union (CSU) would block any request made while the pair, described as “communists” remained in power.

“In my party the CDU/CSU there would be a lot of colleagues who would vote ‘no’ if Varoufakis and Tsipras are asking. For sure. Because there is simply no trust any more. They say, I am not going to give taxpayers’ money to Greece without a reliable partner,” he said. Referring to Syrezia, he added: “We need a reliable partner who wants to do the job.”

The EU’s plan is to back a “yes” vote strongly by posing it as an in/out question on membership of the euro rather than austerity measures and then, in the event of a victory, to oust Syriza after the expected resignation of Mr Tsipras. “We will do anything to get a ‘yes’. Then we will need a new government, then we have to implement measures” he said.

The politician revealed that the socialist Martin Schulz, the president of the European parliament, was involved in secret talks, possibly involving Mr Tsipras -m whom he sees as a moderate – to “split the Syriza movement” as a precondition for a new EU bailout, incorporating moderate MPs in Syriza to avoid new elections.

In the event of a “no” vote and Syriza continuing to hold the reigns of power, the German conservative said, “It’s over” and Greece would have to leave the euro after defaulting on ECB loans on July 20. “We will talk about a humanitarian rescue programme but not an additional [bailout],” he said.

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