Between now and mid-June the European political elite must give its answer to an existential question. Will it honour the deal it made to rescue Greece last July; or will it push the radical left government into default – effectively creating a failed state in Europe?
But that’s not the promise they made. What they did say is “If you’re good little boys and girls and you do exactly as we tell you, cut pensions, cut salaries, raise taxes, then we’ll rip feed you the money so you don’t go bust. Again”.
Which is exactly what they’re doing.