Tsipras Signals Greece May Accept Bailout Terms

I'm currently in Europe and following closely the coverage. It's unbelievable how this greek government ruins the whole country. They seem to take the piss out of the EU and Mr. Juncker. Only few can understand Juncker's patience. Tsipras and Varoufakis seem to play communist comedy. But as always with communism, it's ending as tragedy. In the end the greek people will suffer a lot. No medicine, no goods, no toursists. The long term consequences a severe. That's a shame. Europe and the financial markets are much less affected by a so called Grexit than Tsipras assumes.

Bloomberg terminal headline, 10:46: Greece's Tsipras calls for a 'No' Vote in July 5 Referendum

10:47 "Merkel says no new situation; Greece must hold referendum first"

10:48 "Renzi says decision for Greek people to make"

> with small modifications to some of the central points of contention on issues like pension cuts and tax increases

It was always about small modifications: I retirement a few years latter, cut 200M euro on military budget... I think at this point he is just trying to keep door open, if referendum say yes to euro.

Another problem is accounting in Greece. Statistics from last few months from Greece are not that reliable. It might be hard to verify in near future, how Greece is actually implementing the reforms.