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loans. Even before the sanctions took their toll, in 2013, Cyprus heard Putins nyet
when the island asked for a bailout.
Russia wont get what it wants either. Syriza promised its voters to roll back the
privatization demanded by international creditors, not to sell off new assets to Russian
oligarchs. In March, Athens was forced to reverse the sale of its majority stake in the
port of Piraeus. And Gazprom would run into legal difficulties if it took over DEPA due
to EU competition rules not to mention the political costs. Having already sold a
controlling stake in DESFA (the owner of the Greek gas grid) to an Azerbaijani
company, Greece is far from enthusiastic about parting with more of the family
silverware.
So with little possibility of a real deal with Putin, maybe Tsipras hoped that his visit
would spook Brussels into softening its line on Greece. Not likely. It is far from clear
that Germany and the rest of the eurozone creditor countries would soften out of fear
that the Syriza-led government will embrace the Russian bear even more tightly.
Greece is not in a strong bargaining position: It faces a repayment to the tune of 480
million euros to the International Monetary Fund due this week. The clock is ticking
on the Syriza-led government. It needs to ink a deal on a fresh rescue package in late
June, after nail-biting negotiations over a four-month extension of the current one at
the end of February. Greeces rescue package expires just as the EU has to take a
decision on whether to continue the sanctions against Russia beyond the original July
2015 deadline. It makes little sense for Athens to fight a war on two fronts, both in the
eurozone and with those member states that take a hawkish line on Moscow.
So why play the Russian card? It could be that Tsipras is fully aware that he will incur
no penalty for reaching out to Putin, so he might as well try it and see how it goes. And
there are symbolic points to be scored. At a time when the Greek prime minister needs
to strike a balance between pre-election promises and compromises made thereafter,
Tsipras has a reservoir to tap: Domestic opinion in Greece, from the radical left to the
far right, is largelyfavorable to Russia. According to a 2014 poll, 52 percent of Greeks
view Russian leadership in global affairs as desirable. And 49 percent of Greeks
disapprove of EU aid to Ukraine.
Such attitudes can be explained by looking at the long-standing connections between
Greece and Russia. Greece is one of the four Orthodox-majority members of the EU.
Tsipras, who famously became the first Greek leader to refuse to take his oath before
the archbishop of Athens, nonetheless made time in his Moscow meetings for a visit
with Kirill, Patriarch of All Russia.
History plays a role, too. The former Russian Foreign Minister Ioannis
Kapodistrias became the first head of state of Greece in 1827, and Czar Nicholas I