Monday, June 15, 2015

Greece Now Facing Default As Last Minute Talks Have Collapsed



The Guardian: Greece's latest attempt to reach deal with creditors collapses

Exit from eurozone a step closer as EU officials dismiss Alexis Tsipras’s reforms as incomplete, with talks halted after less than an hour

Last-ditch talks aimed at breaking the impasse between Athens and its international creditors have collapsed in acrimony with European Union officials dismissing Greece’s latest reform package as incomplete in a step that pushes the country closer to leaving the eurozone.

What had been billed as a last attempt to close the gap between Alexis Tsipras’s anti-austerity government and the bodies keeping debt-stricken Greece afloat was halted late on Sunday after less than an hour of negotiations in Brussels.


WNU Editor: Here are the possible scenarios on what may happen next .... Greece's debt drama: the possible scenarios (AFP)

More News On The Greek Debt Crisis

Greek default fears rise as ‘eleventh-hour’ talks collapse -- Financial Times
Greece and creditors fail in 'last attempt' to reach deal -- Reuters
Greece Enters Fateful Week After Brussels Talks End Fruitlessly -- Bloomberg
'No deal' with Greece as talks in Brussels fail -- BBC
Default dangerously closer after Greece debt talks collapse -- AFP
EU-Greece Talks on Bailout Break Down, Setting Up Showdown -- WSJ
Talks Between Greece, IMF Collapse -- VOA
Greece last-chance IMF talks end with no deal -- ABC News (Australia)
Fiscal summit between Greece, creditors collapses without €7B deal -- UPI
Greek Talks Seek Agreement as Germany Warns of Euro Exit -- Bloomberg
Babies held hostage for medical fees, porters as paramedics, £19 out of every £20 cut: A searing despatch from Athens's blood-soaked hospitals that shows why Greece is literally dying to leave the Euro -- Daily Mail
Greeks Who Want to Keep Euro Are Tired of Tsipras's Brinksmanship -- Bloomberg
Why Everybody’s in the Dark on Greece: Does Alexis Tsipras actually want to keep Greece in the eurozone? -- Simon Nixon, WSJ

1 comment:

jj said...

Good for Greece if they do default .. their balance sheet will instantly become €330 billion richer and the other alternative if they don't default would be years of debt slavery to the banks ..