Tageszeitung: Bankruptcy a ‘set up’ so Greece implements reforms

According to an editorial

The German newspaper Tageszeitung on Thursday headlined an article reading: “Eight days until Greek bankruptcy, the countdown has begun, this time for real”.

“Brussels in the Greek fever once more. Bankruptcy forewarned for weeks (…) did not come over Easter or Pentecost, all eyes are now on June 5th”.

The article also notes that in reality, there are many deadlines for Greece. June 30 is one, where the extension for a deal in negotiations expires. On April 28, 2054, Greece will deposit the last tranche in the European rescue fund. According to TAZ, however, many surprises can still take place.

The editorial also mentions that the bankruptcy stage is set – up in order for Greece to implement reforms. The end of such a “shadow theatre” would remove the tool of a Grexit from the hands of Schaeuble and his friends.