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"Confrontational" Greece Negotiations Suddenly Turn Into Polite Tea Party

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Mark Melin
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Goldman analysis documents “adversarial” start to talks that suddenly turned into a polite affair as Greece gives up its primary bargaining chips

A Goldman Sachs research analysis published Sunday night addresses the “adversarial” relationship between Greek Finance Minister Yanis Vaaroufakis and his unwillingness to submit to the authority of European “troika” of central bankers.  But what Goldman described as an initial hardline, when “confrontational assertions and actions” were met by a “frosty response” from European authorities, the mood seems to have suddenly and oddly changed, with Greece giving up its key negotiating chips.

What caused Greece to give up its negotiating chips without getting anything in return?

Greece

How aggressive was the "frosty response"...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.