Greece: how did we get here?

Synopsis

Greece holds a referendum on its new bailout program, with Gideon Rachlin, the FT's chief foreign affairs commentator, discussing the implications. Alexis Tsipras, initially misjudged by many in Brussels, faces criticism for rejecting the bailout and calling for the referendum. Rachlin notes that Tsipras's language has become increasingly demagogic, referring to blackmail and national humiliation. The referendum raises questions about Tsipras's ability to balance the Greek desire to end austerity while remaining in the eurozone. Rachlin suggests that Tsipras's actions may be more Machiavellian than incompetent, as he navigates the contradictory demands of the Greek people, who want both an end to austerity and to stay in the euro. The outcome of the referendum could significantly impact Greece's future and its relationship with European leaders.