Greece Will Default …

… or so it seems. Kerin Hope reports in the FT that

[t]he Greek parliament has approved a law proposed by the leftwing Syriza-led government overturning civil service reforms by the previous government aimed at streamlining the country’s inefficient public sector.

13’000 civil servants are to be rehired. The “institutions” have not been consulted. The municipal police force will be revived.