"The worst solution will still be a solution"

Does the attack by Evangelos Venizelos against Antonis Samaras hide… news? Anyway, if anything, his statements during the PASOK economic conference create a sense that the scene is “clearing up” for some.

In view of the EU summit, the Deputy Prime Minister and Finance Minister stated that “The worst thing that can happen on Thursday would be a lack of solutions. The worst solution is still a solution”.

The specific statement probably causes a sensation during a day in which talk of selective default has reappeared. The Finance Minister has underlined that selective default has no correlation with bankruptcy, but is rather only classified as such by rating agencies.

In addition, Mr. Venizelos unleashed another attack against New Democracy president Mr. Antonis Samaras, stating: “The petty party attitude of Mr. Samaras is paranoid, as well as his statements of a non-participation by private investors. Debt relief passes through such investment. We all know it, and he knows it too”.

Please note that private investment participation will be the German way of pursuing a solution, while credit rating agencies have stated that if such a thing happens, it will be interpreted as a credit event.

All this is unfolding on a day of feverish processes, with telephone calls between Prime Minister G. Papandreou and European leaders.