Sunday, February 1, 2015

Will Greece Pay-Off Its Debts?



Reuters: Greece starts drive to sell new debt deal to doubting Europe

WNU Editor: Greece's finance minister is now in Paris hoping to gain French support for their program of debt reduction .... but I suspect that they will be receiving the same treatment as they did in Germany .... Greek leaders divorced from reality, says Berlin after Tsipras asks for debts to be written off (Daily Mail). My prediction .... the private capital markets are not going to lend money to Athens and the only ones who will are the lenders that the new Greek government has vowed to not negotiate with .... a fact that even Greece's new PM is beginning to realize .... Alexis Tsipras, new Greek PM, vows to pay off debts (CBC/AP).

Update: Anti-austerity protests are now spreading to Spain .... Anti-austerity anger sweeps from Greece to Spain as hundreds of thousands march through Madrid in support of fledgling radical leftist party (Daily Mail)

Update #2: ECB Threatens Athens With Bank Funding Cutoff If No Deal In One Month: February 28 Is Now D-Day For Greece (Zero Hedge)

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