Can PM Samaras convince Obama in forming a Greek global bailout?

Διαβάστε επίσης

Greek Prime Minister Antonis Samaras “is playing his last card” with his trip to Washington. The outcome of his meeting with U.S. President Barack Obama will define how Greece will look like in the years to come as numbers of future generations are to be lost if the situation continues as is.

While in Washington, Samaras will also have a meeting with US Foreign Minister John Kerry, during which they will discuss the usual issues: Greek-Turkish relations, Cyprus, Skopje. This happened so that the agenda of the meeting between Obama – Samaras will focus on the single issue at hand, the Greek debt, thus getting the rest out of the way…
The meeting between the US President and the Prime Minister of Greece will be held behind closed doors. A sound decision provided that Greek Finance Minister Yannis Stournaras, who will accompany Samaras, is considered a “red flag” for the Americans given the leaks of the Press Office of the Greek Finance Ministry during the visit of U.S. Treasury Minister Jack Lew could were considered counterproductive. “The spin could have been better coming directly from the German Embassy” a US observer commented.

Greek government sources imply that the Prime Minister will ask Obama to put pressure on Chancellor Angela Merkel to “better manage” the eurozone debt-whatever that may mean.

The Americans, however, are not expected to waste their influence for the sake of Greece; US officials after the Snowden scandal are not that popular.

Nevertheless, the US wants stability in Greece amid geopolitical upheaval in the Middle East and the Persian Gulf. The US can help by redefining the Greek debt into matter of National Security. Better yet, if Washington wants to avoid acting alone the US Ambassador the UN can bring a resolution to the Security Council recommending measures in solving the Greek crisis (it would be interesting to anticipate Germany’s reaction). The US could even consider bringing in the G-20 or the G-8 countries. Greek debt must be set in the global agenda not merely as a financial problem but as a security problem and a threat to peace.

If Greece “falls”, no one can know the length of the “domino effect.” The Greek problem could work as the ground for the implementation of a “debt forgiveness” pilot program in a global political negotiation and the USA can help.

However Samaras has to decide whether he is willing to define the problem as such and ask for Obama’s help.

To this extent the announcement of an emergency G8 summit in Athens in October, focusing exclusively on the drastic impairment of the Greek debt in terms of stability and sustainability, would be a success for Samaras and go a very long way in ending the crisis. But for this to happen, Samaras must convince Obama that it is worth it.

Παλαιότερα άρθρα:

5 απαντήσεις στο “Can PM Samaras convince Obama in forming a Greek global bailout?”

  1. Reading this two months after the fact, I have to note how far off target this piece was and that is because Greece’s mounting debt to its Eurozone partners simply can not be turned into a bilateral Greece-US issue. We care about Greece making reforms that allow it to resume growth and service its debt routinely (we have our own issues with debt). As a former State Department Greece Desk Officer, I can tell you the idea of getting my country to carry Greece’s water on debt is questionable, although we will certainly try to help out on the margins with a few words here and there. Its October now…in view of the current mess in Washington over the US debt ceiling, none of this should seem in the slightest controversial, I hope.

  2. I have to convey my gratitude for your kindness giving support to folks who have the need for help on in this subject. Your personal commitment to getting the solution all through had been unbelievably invaluable and have constantly empowered those much like me to reach their objectives. This invaluable suggestions indicates a whole lot a person like me and a whole lot more to my office workers. Thanks a ton; from all of us.

  3. Hi! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My weblog looks weird when viewing from my iphone 4. I’m trying to find a template or plugin that might be able to fix this problem. If you have any recommendations, please share. Thank you!