Galery

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"The Memorandum was written quickly by us and the supervisory Troika," admits a senior minister involved in the so-called negotiations. "The negotiations were made half-way to put it mildly. We had no idea what we were writing. The Troika experts were in such a situation and even more confused as they were working under excessive pressure from the European Commission and the International Monetary Fund." According to the confessions of other ministers, there was not even the slightest preparation, just at the last moment use was made of parts of old memoranda that the International Monetary Fund had signed in the past with Turkey, Mexico and Hungary, adjusting them so as to draw up the Greek Memorandum. "This is a bad stitching, a Frankenstein Memorandum," says a minister who admitted that he had had at his disposal less than three hours to read, understand, evaluate and approve that part of the Memorandum relating to the tasks of his Ministry for the next four years.