- Greece made one of the more baffling U-turns last week when the Government advising no to a creditor package in a referendum, only to propose a seemingly more stringent version.
- However, on closer inspection, the Greek negotiating position isn’t all that surprising and the most important clues were actually available to all from a 2012 column by Varoufakis.
- Whatever happens over the weekend, there will be no closure for investors (let alone Greeks) for some time to come.
Source: U-Turn In Greece | Seeking Alpha