The flattening of debt payments is huge. There will be no more funding issues going forward and NO MORE bailouts.
This is a deal to end all deals.
The black swan is will the people revolt or not.
Same view/feelings as mine csw. The Greek parliament's united NAI 251/300 votes may turn into an OXI even among the previously conservative voting people, never mind the public sector employees, pentioners, trade unions and antiauthoritarians.Tria, a straw poll I conducted among my Greek friends has resulted in an overwhelming oxi to the new demands and they would have been Nai voters had they been in Greece a week ago. I think the new demands will not be accepted because it represents complete humiliation of Greece. I can understand the psychology when one gives in only to see more humiliating demands. The new demands will not fly with syriza and given that those I polled were posak, potami and nd voters, these new demands may not fly with opposition parties either. We could see total failure here and those Greeks I polled even suggested to do whatever it takes to hurt EU and Germany in particular (though not sure what can be done). Extraordinary sentiment here.
Tsipras has a big problem imlementing what is being asked for which is an anti-syriza ultimatum in fact.
Any Greek coalition Gov. may have the same problem. Chaos.......
Public sector reformation is/was urgently needed however as well as fighting bureaucracy, corruption, tax evasion etc., etc.