Based on the various summaries of the Greek 'deal'.....there's a hefty anchor on Greece and a hefty anchor on Germany....if this goes through.
To get the deal done.....Greece has to pass all the promised legislation within roughly seventy-two hours. Some Greek political folks are furious at the deal.....it being worse than the one that they had two weeks ago. Some votes might go negative and it's not a guaranteed thing that they will all side on this....just to end the mess.
The Greek public may decide that it's time for another national election......which is another issue to play with eventually.
Germany's Chancellor Merkel has to present the deal to the German Bundestag and get them to agree to pay out more money. No one is sure about this deal either. Several CDU members have said they would absolutely not support any new loans. A couple of SPD folks have said the same thing.
So, let's say that Merkel gets the necessary votes and things pass. Is it really done? Well.....no. German national elections are in the fall of 2017. Ample time for Greece to screw up and present a five-star mess to Merkel's replacement candidate for the CDU.
With the SPD supporting this measure as well....their followers will be harsh to blame them for stupidity.
So, a radical small party could quickly get fifteen to twenty percent of the national vote....simply to punish both for supporting a possible failed Greek loan.
It's a hefty anchor to bear, if you ask me. You have to hope that the Greeks aren't that screwed up or will fail intentionally....just to screw with German voters.
How angry will Germans be in a year or two, if the Greeks fail on change? You can stop a hundred Germans on the street and roughly eighty of them will say Greece has built-in issues and can't solve problems....so why loan them more money. This attitude is pretty concrete now.
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