Greece Continues That Slide Towards Grexident

It’s somewhat difficult to work out what is the negotiating strategy of the Greek side over this debt bailout deal. For it’s increasingly looking like that wonderful portmanteau invention of Schaeuble, the German finance minister, could be about to come true, Grexident. That is, Greece leaving the euro and the eurozone by accident, not by design. Everyone involved in the negotiations keeps insisting that this isn’t what they want to happen. But everything being done by the Greeks appears to be making this more likely. At which point one really does have to start wondering, well, is this actually being done by mistake or not? For it’s long been known that various of the Syriza people, the finance minister Varoufakis among them, privately think that they simply will not be able to reform the Greek economy as they wish to while inside the euro system. It’s just that the Greek electorate doesn’t think that way.
We’ve the usual German insistence that whatever the deal is it must accord with everything that has been agreed so far:

http://www.forbes.com/sites/timworstall/2015/03/21/greece-continues-that-slide-towards-grexident/