http://greece.greekreporter.com/2015/06/28/greece-referendum-why-alexis-tsipras-made-the-right-move/And 3.5% was the CONCESSION -- original target was a primary budget surplus of 4.5%. "Since 1995 all the countries of the euro area reached an aggregate primary surplus of 3.6% only once, in 2000." "Even Germany, the Federal Republic of Austerity, reached its own peak of 3% only twice, in Q4 2007 and Q1 2008." And Greece has ALREADY gone through most severe fiscal adjustment of any peripheral country. Eurogroup's demands make me think of a tweet I saw today: "The EU is just one big happy family. Unfortunately, it's the Manson Family."
Greece! The birthplace of democracy. Can nothing be done?
And here's a tidy Twitter summary from Club des Cordeliers for you to read in order to understand better: https://storify.com/cordeliers/obscureobjet
...but hey, do what you want...you will anyway.
UPDATE:
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