The current visit of the Troika in Athens appears to have been a 'success' ( a word used by them to describe their mission) This was their 4th visit in the last year and their intention was to establish whether the Greek government has done enough to comply with the expectations raised by the EU.
The reality is that out of the 11.4 billion of cuts in public services the Greeks have been able to identify around 8 or 9 so there is still a so called shortfall. The Greek government has been pushing for an extension by another two years but they have not been asking for more money.
The truth is the targets will not be met and everyone knows this. The change in the climate and the use of more positive rhetoric comes from the political changes that have taken place recently, namely the Dutch election which has produced a pro Euro result and the German High Court decision which says that dishing out more money is not illegal.
The other reality is that if the Greeks were 'allowed' to leave the Euro then Europe would be cutting its nose to spite her ugly face. In other words Portugal, Spain and Italy would definitely be following. It would also mean that the credibility of the Union would go down the toilet and if the Greeks were to exit it would prove that the EU can't sort its own house. It will also mean that Syriza, the mad left wing party in Greece, would take control and lead the region into oblivion avenue changing the geopolitical balance in the region and creating major instability!
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