In Charts: Here’s Why Greece Is Making a Mistake by Turning to Russia for Help
— April 27, 2015
By Pankaj Ghemawat
Meanwhile, Mr. Tsipras is becoming an ever bigger frustration to Greece’s fellow EU members. The election of his Syriza party came on the promise of ending austerity measures imposed by the EU and International Monetary Fund. Since coming to power in Jan. 2015, the government has continued to push for a better deal from its European partners, but some prominent party members suggest that they might also be looking for new sources of funding.
So far, Brussels and Berlin have signaled their unwillingness to accept the terms that brought Syriza to power, leaving Mr. Tsipras looking for either a new partner or new bargaining chips. Russia could supply both. Nevertheless, a realignment with Russia would be a bad choice for Greece. Despite sharing the Orthodox Church, Greece is economically and culturally much closer to the European Union.
Read full article as published in Quartz
Pankaj Ghemawat is a Global Professor of Management and Strategy and Director of the Center for the Globalization of Education and Management.