Bob Hormats on Greece

I had not seen Bob Hormats on TV for years. When I was on the Brazil desk, he was a deputy assistant secretary working in the State Department economic bureau. Today he was on Bloomberg, which said he is now at Kissinger, where he is working on Greece. He said the Greek deal was worth it to keep ball rolling; it was better for Greece. Greece will need some concessions. from the EU, perhaps to prolong the payment period. When his interviewer asked him about Piketty’s comment that Germany should not pressure Greece because Germany never repaid it WW II debts, Hormats said it was not relevant, just ancient history.

Regarding the Iranian nuclear deal, he said that no perfect Iranian deal was possible, but this deal accomplished many U.S. objectives. He said he had heard that Iran was going to send a trade delegation to the US in September.

His Bloomberg interviewer was not great; she was enthusiastic, but not too well prepared.

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