Saturday, April 25, 2015

EU Frustrations With Greece Grows On How It Is Handling Its Debt Crisis



Financial Times: EU frustration over Greece boils over at eurogroup meeting

Months of mounting tensions between Greece and its creditors boiled over at a high-level EU meeting on Friday with eurozone finance ministers angrily accusing their Greek counterpart of backtracking on commitments and failing to grasp the deep differences that still divide them.

Athens is running desperately short of cash and many eurozone officials fear that, without an agreement to release some of the remaining €7.2bn in its bailout programme, the government could default as early as mid-May.

WNU Editor: The Greeks are saying that everything is OK .... everyone else is saying no. Bottom line .... Greece has no money and has no desire to implement any reforms (or even proposing any reforms) on meeting creditor's demands for further aid. As I have said on more than one occasion before .... this is not going to end well.

More News On EU Frustrations With Greece On How It Is Handling Its Debt Crisis

Greece Pushes Debt Compromise, While Creditors Leave Talks Exasperated -- IBTimes
Euro zone warns Greece no cash till full reform deal -- Reuters
Greece: 'Big, big problems' for debt deal -- BBC
Greece not playing a game of chicken on debt - Kotzias -- Reuters
Euro Ministers Alarmed as Bloc Shuts Down Greece Plan B -- Bloomberg
Eurozone Finance Ministers Contemplate ‘Plan B’ for Greece -- WSJ
Germany hints at preparations of a Plan B on Greece -- Reuters
Greece Could Default Without Exiting Euro, Say Economists -- Bloomberg

2 comments:

Unknown said...

Don't panic. All is well!


https://www.youtube.com/watch?v=zDAmPIq29ro

Unknown said...

So Greece is the new Syrian homeland?