On the third bailout to Greece in the 11th hour...again

Well well, what's new. Watching the Europe crisis talks about a possible third bailout to Greece is more fun than any other reality TV can offer. There are all the characters, pseudo-good guys and villains, the self-proclaimed victim who everyone views as intransigent. The drip-drip-dripping of leaks from the closed-door talks. After two bailouts and €325 billions later, the eurozone finally threw up their hands and officially opened the possibility of Grexit. How refreshing.

That the creditors are open to the idea (or at least all the finance ministers in eurozone) of kicking Greece out, plus the freezing of ELA funding to Greek banks from ECB that results in capital controls in Greece since June 29, are enough to bring the Greeks to their knees.

Never mind that the Greeks voted no in a meaningless July 5th referendum on a creditors' proposal that had expired on June 30th already, nor all the stupid talks of "democracy" in Europe (as if Greece is the only democracy that matters in Europe), neither was all the self-important talks of the dignity to the Greek people, the very real possibility of being kicked out of euro would crash Greece both financially and morally. So, they voted yes in their parliamentary vote on the latest creditors' demands that are even harsher than those laid out on June 30th. 

In short, Tsipras, along with Greece, just capitulated. Completely. 

What never ceases to amaze me, is how the Greeks seem to collectively continue to play dumb. Although most of them talk of the evil bitch in Merkel, or how the Nazi Germans still wants to take over their country, the fact that most of those in the other 18 eurozone member states, particularly those in the north and to the east of Europe, are solidly behind Germany's hardline stance obliterates whatever empty talk of dignity or sovereignty of Greece.  As long as Greece needs more money from the troika, it has to play ball.  It's as simple as that. 

As Tsipras has sabotaged his own credibility, now Europe wants him to hold parliamentary vote on the latest harsher demands from creditors to make sure the Greeks would show the world that they, collectively, would stick to the austerity measures, rather than blaming it on the government, and just swap out whatever party in power in the hope to start over (as the Greeks have tried to do when voting in Syriza in January this year).

Oh, I'm sure the deal will be done. The Greeks will agree to whatever is asked of them now, just to get their hands on the money. Three years, and another €85 billions later, it's just kicking the can down the road some more.

What's new, really.