Daily Mail: Greece snubs 'absurd' bailout offer from EU despite their being just two weeks to go until Athens runs out of cash
* Talks on the economy between Greek and EU finance minsters collapse
* Current bailout runs out in two weeks and Greece needs an extension
* But Athens rejected a new bailout offer saying that it was 'absurd'
* If no deal is reached, Greece will not be able to service its debt
* The country will run out of money and not be able to pay civil servants
WNU Editor: This is not going to end well .... especially for Greece.
More News On The Collapse Of The Greek Debt Talks
Greece bailout talks break down after Athens rejects 'unacceptable' eurozone demands -- The Guardian
Talks Collapse, As Greece Rejects E.U. Bailout Deal -- NPR
Meeting on Greek Debt Produces an Ultimatum -- NYT
Greece bailout: Varoufakis 'willing' as talks collapse -- BBC
Hopes fade for early end to Greece debt crisis as Germany digs in -- The Guardian
Greece balks: What’s next? -- CNBC
Here's what happens if Greece is forced out of the euro -- Mike Bird, Business Insider
Time is running out to save Greece, and the markets are spooked -- Quartz
1 comment:
WNU .. I think it will be good for Greece they have suffered through austerity BS for long enough .. lots of initial pain to endure but with a collapsed currency .. they will look very attractive to foreign currencies ie: tourism/labor costs/resources/real estate etc.
Foreign money flow wing in and lifting the economy ..
People with no debt and a job will be miles ahead of most people in NA.
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