With negotiations between Greece and the troika over how to resolve the latest austerity-impasse still ongoing, Greece make an intriguing offer: Continue with the privatization of state assets that the troika demands, use the proceeds on Greece’s humanitarian crises instead of immediately paying back Greece’s creditors. And while the troika has yet to formally rule out Greece’s proposal, European Commission president Jean-Claude Juncker made an uncharacteristic offer last week of 2 billion euros to “support efforts to create growth and social cohesion in Greece”. Considering virtually all past attitudes by the troika regarding Greece’s “growth and social cohesion”. So by wrapping its humanitarian aid proposal within a privatization mandate Greece did the seemingly impossible: the troika’s position on Greece is slightly less crazy than before. That almost never happens. And still probably isn’t happening.
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