06:49 GMT10 April 2020
Listen Live
    Europe
    Get short URL
    0 794
    Subscribe

    Greek Prime Minister Alexis Tsipras' gamble in taking a two-day trip to meet Russian President Vladimir Putin in Moscow may well pay-off, but may well be at the expense of the reputation and powerbase of German Chancellor Angela Merkel.

    Tsipras' decision to go to Moscow, amid his huge bailout battle with Europe should come as no surprise to historians. Most of the current Greek minority population in Russia comprises descendants of Medieval Greek refugees, from the Byzantine Empire, the Ottoman Balkans, and Pontic Greeks from the Empire of Trebizond and Eastern Anatolia.

    Despite Tsipras being atheist, he is keen to play-up the Orthodox Christian bond between Greece and Russia, which will play well to the significant population of Greek descendants who make up large communities in Moscow and St Petersburg. He even laid a wreath at the Tomb of the Unknown Soldier.

    Having paid off its latest loan ($490m) to the International Monetary Fund on April 9, all eyes are on the next payment Greece will have to make every week in April and the further $7.75 billion it will have to find in May and June, while struggling to pay its own government staff and state pensions.

    Greece Exit or Russian Sanctions?

    By going to Moscow, Tsipras is playing a grand game. Germany's Angela Merkel is on record as having said a Greek Exit from the Euro would mean the end of the European dream. Many analysts believe a Grexit would consign the Euro to a less valuable currency, with countries able to pick and choose when and how they adopt it. It would devalue the brand.

    Meanwhile, with the European Union due to vote on whether to continue — or even increase — sanctions against Russia in June, Tspiras has one other trump card up his sleeve. The vote requires all 28 states to agree, and Tsipras has threatened to derail the sanction vote, which would prove hugely damaging to the EU, as a body of states.

    There have already been rumblings from some countries who are unhappy with the course of action against Russia over Ukraine and Crimea.

    "We need to leave behind this vicious cycle," Tsipras told reporters.

    "Greece is a sovereign country with an unquestionable right to implement a multi-dimensional foreign policy and exploit its geopolitical role."

    Merkel is facing her own demons at home. She is aware of anti-Greek bailout sentiment on the streets and is also squeezed politically between the more conservative elements in the Christian Democratic Union (CDU) and the Eurosceptic Alternative for Germany (AfD) party.

    Under pressure to make Greece put an end to its culture of tax avoidance and reform its economy, Merkel is stuck between being seen to be tough on Greece and fearing the effect of a Grexit on the rest of Europe.

    Ahead of the vote on Russian sanctions in June, Merkel may well see bending to the demand from Tsipras for a more lenient approach to his country's woes and agreeing a further bailout as a price she has to pay for keeping the Euro together and showing the EU remaining united in its stance against Moscow.

    But in doing so, she will have lost face at home and been seen to bend to Greece.

    "The visit could not have come at a better time," Putin told reporters during Tsipras' visit this week.

    Related:

    We Must Constantly Work on Renewing Relations Between Russia, EU - Tsipras
    Tsipras Says Greece's Main Goal to Remain in Eurozone
    Germany: Greece to Stick to EU Stance on Anti-Russian Sanctions
    Athens Looks to Moscow for Help as Berlin Burns With Anger
    Unraveling at the Seams: EU on Verge of Collapse
    Tags:
    Greek economy, bailout program, anti-Russian sanctions, austerity measures, International Monetary Fund, Angela Merkel, Alexis Tsipras, Germany, Europe, Russia, Greece
    Community standardsDiscussion
    Comment via SputnikComment via Facebook