European leaders, after months of wrangling and can-kicking, are now really letting Greek PM Alexis Tsipras have it. Bloomberg reports on the heated rhetoric that spilled over during and after Tuesday’s meeting of Euro leaders in Brussels:
“Party time at the expense of others in Greece has come to an end,” Lithuanian President Dalia Grybauskaite said. “Europe and the euro area are surely unprepared to pay for the irresponsible behavior of the new Greek government.”Afterward in public comments, the leaders competed to find the harshest language to describe Tsipras’s approach and its likely consequences. Dutch Prime Minister Mark Rutte said a “miracle” would be needed to keep Greece in the euro-region, while Malta’s Joseph Muscat said the 40-year-old had created an “enormous trust-gap” with his European counterparts […]“You can’t have one country enjoying a feast, overspending and having everyone else pay for it, including our citizens with much lower pensions and wages,” said Grybauskaite.
Tsipras’ diplomacy has been a disaster. Greeks have been so full of their own grievances they haven’t noticed that many of the countries participating in the bailouts are poorer than Greece and have troubles of their own.Overall, however, this kind of bitterness openly on display at a European summit is something new—yet another surprising hidden cost of the euro; the currency that was supposed to bring the EU together is instead splitting it apart. That needs to change, whatever happens to Greece.