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Photo by MacroPolis Greek coalition left with bailout exit conditions it wanted to avoid

Eurozone finance ministers have agreed that Greece should be given a precautionary credit line when the European part of its bailout is completed at the end of the year but the new agreement will entail new conditionality, a role for the International Monetary Fund and debt relief talks being put at the back burner – all factors that the coalition wanted to avoid for domestic reasons.

No prospect of compromise for entrenched Greek parties

There will be no meeting of political leaders in Greece to discuss bailout exit plans, debt relief or anything else despite a spate of meetings between party chiefs and President Karolos Papoulias, the only figure that has the authority to convene such talks.

Photo by MacroPolis Samaras and Tsipras prepared to go toe to toe all the way to February

In true pre-election mode, Prime Minister Antonis Samaras and SYRIZA’s Alexis Tsipras attempted to outdo each other on Monday after they each held separate talks with President Karolos Papoulias, the figure who has found himself at the centre of political developments in Greece.

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