Greek crisis: Greece will need much more

According to Czech economic daily’s editor David Klimeš negotiations between the Eurozone and Greece are seemingly technical as both sides are throwing out numbers but in reality the outcome will be pure politics as no credible data on Greek economy are actually available and Greek proposals are impossible to verify and Greece will need more money it asks now.

At the moment, the bargaining between Greece and the Eurozone is purely political exercise that is not about billions but rather a political will to save Greece or let it down. Everyone knows that numbers don’t match and that Tsipras’ commitments to reforms are not worth much. We are left with one certitude that has become unfortunately a tradition: Greece will need much more than it says today.

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