Greek prime minister Alexis Tsipras has unwisely accused Spain and Portugal of intentionally trying to block a solution for his country’s troublesome discussions with the Eurogroup at a Syriza party meeting. The reaction has gone beyond any reasonable limit. The two targeted nations filed formal claims to the European Commission asking it to take action against Greece. One wonders why their Foreign Ministries did not warn of the utter ridicule such a step would precipitate. Worse still, the row between European Union partners might leave longstanding scars.

The Greek government is all too conscious of having failed to deliver on its election manifesto promises. That is scarcely surprising, given the attempt to restructure outstanding debt and doing away with the rescue plan was doomed from the outset. Convincing the German Bundestag on the long-term merits of such a scenario was out of question. Even Nobel Prize laureates would be at pains to achieve such a feat. Germany stood as the real blocking hurdle all through the tough negotiations.

Greece secured an agreement on favorable political terms. After all, reviewing the current rescue package represents a formidable victory for a country bound to require extra money to cover its immediate needs. It will implement a humanitarian plan for those suffering from sheer poverty and freeze privatization processes. Other promises such as offering employment for redundant civil servants, reducing the retirement age or steeply increasing the minimum wage, will have to wait. Yet the Greek government has achieved widespread support among the population for its stubborn defence of national interests.

Was it prudent to engage in a tug-of-war with its Iberian partners? Certainly not, as such conduct only helps to underline its purported failures. (more…)