"“Moreover, Syriza has already shown a propensity to overpromise and underdeliver.”"
They've been in office three weeks!!!
Say Greece caved. We'll see if they're wrong again.
Greek Deal by Robert Waldmann
Greece got Europe to concede that it “will, for the 2015 primary surplus target, take the economic circumstances of 2015 into account.” In other words, Greece won’t have to do the austerity it was supposed to this year.
On Monday, Greece must send its creditors a list of all the policy measures it plans to take over the next four months. If the measures are acceptable, European finance ministers could sign off on an extension of the bailout agreement on Tuesday.
Greece and the EU: a question of trust