Interesting – the power of words…
by Tyler Durden’s published at http://www.zerohedge.com
Just like last week, the reason for the bitterly acrimonious collapse of today’s Eurogroup attempt to resolve the Greek crisis, was in the wording of the proposed final Eurogroup draft. And, just like last week, while the Greek FinMin was initially willing to sign a specific draft (in this case penned by Moscovici), it was subsequently revised to a draft which Varoufakis threw up all over, leading to a premature end of today’s discussions, one which for the second time in a week prevented the Eurogroup from even issuing a joint statement.
So what exactly was the reason for the Greek disagreement?
Now that both the acceptable, pre-revision (source), and rejected, post-revision (source) texts are available, we can find precisely which inserted and deleted words resulted in a surge in the Greek’s blood pressure.
Presenting: the red-line (or rather blue-line) comparison between the two drafts…
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