Tuesday, July 7, 2015

Greek Debt Crisis News Updates -- July 7, 2015



Reuters: Greece faces last chance to stay in euro as cash runs out

Greek Prime Minister Alexis Tsipras launched a desperate bid to win fresh aid from skeptical creditors at an emergency euro zone summit on Tuesday, before his country's banks run out of money.

But German Chancellor Angela Merkel said on arrival there was still no basis for reopening negotiations with Athens.

"It is not a matter of weeks but of a few days" to save Greece from collapse, Merkel told reporters.

WNU Editor: Today's meeting was a bust .... Greece showed up with nothing .... even though they had promised that they would have new proposals today.

Greek Debt Crisis News Updates -- July 7, 2015

Greece debt crisis: Latest updates -- BBC
Greek Debt Crisis 2015 -- Reuters
The Latest: Greek Banks Not Expected to Reopen This Week -- AP
Greece fails to offer new bailout plan at summit -- Washington Post
Greece fails to present new debt proposal to eurozone leaders -- USA Today
Greece debt crisis: 'No concrete plan' before summit -- BBC
Greece turned up empty-handed to emergency bailout talks -- Business Insider
Greece says made credit proposal based on last week plan -- Reuters
Eurozone Officials Warn of Possible ‘Grexit’ Without Credible Proposal from Greece -- WSJ
Greek banks running out of cash as EU leaders meet -- The Al Jazeera
Greece expected to file loan request within hours: Stubb -- Reuters
Debt writedown against bailout rules: Germany's Schaeuble -- Reuters
Tsipras Briefs Obama on Eurozone Loan Bid -- VOA
Greece has not asked us for financial help, says Russian minister -- Reuters
Greek olive farmers demand cash as bank fears grow -- Reuters

1 comment:

Bob Huntley said...

Now it is up to the investors to try and find a way to make the haircut less damaging?