Posted on 02/12/2015 12:03:09 PM PST by Rusty0604
With tax receipts tumbling and ELA funding hitting its limit, the Greeks are up against it. On the other side, the Greek strength in the face of EU's demands (and Eurogroup's realization of the uncertainty this could lead to) has apparently led to the start of compromise. As Bloomberg reports, •*GERMAN, GREEK OFFICIALS SIGNAL COMMON GROUND ON AID DEAL •*GERMANY SAID NOT TO INSIST ALL PARTS OF CURRENT BAILOUT STAY •*GREECE SAID TO BE OPEN TO SURPLUS, PRIVATIZATION DEBATE
As Merkel noted earlier, "Europe is always about finding a compromise," and it appears they are getting closer - as long as a 'program' continues. Bundesbank's Weidmann has noted that Grexit would not solve either side's longer-term problems.
As Bloomberg reports,
Greece and Germany are pursuing a deal on the conditions required to continue the Greek bailout as each side signals a willingness to compromise, according to government officials taking part in the talks.
Germany won’t insist that all elements of Greece’s current aid program continue, said two officials in Berlin. As long as the program is prolonged, they said, Germany would be open to talking about the size of Greece’s budget surplus requirement and conditions to sell off government assets.
For its part, Greece is prepared to commit to a primary budget surplus, as long as it’s lower than the current 4 percent of gross domestic product, according to Greek government officials. Prime Minister Alexis Tsipras’s coalition also might be willing to compromise on privatizations, one of the officials said.
All the officials asked not to be named because the deliberations are private and ongoing.
* * *
Merkel added:
“You make compromises when the advantages outweigh the disadvantages. Germany is ready for that, but you also have to say that Europe’s credibility depends on us sticking to the rules and that we deal with each other in a reliable way.”
So to summarize: Greece fails on its 'promise' to uphold one-third of its program's requirements but because it upheld two-thirds, Germany insists that shows commitment and supports Merkele's earlier comments that "Europe’s credibility depends on us sticking to the rules."
Brilliant!
It’s always a process of bargaining. Act tough to get the best deal you can. Appear willing to walk away from the table to put a scare into the Greeks, but at the end of the day you have to make a deal.
“Greece is prepared to commit to a primary budget surplus”
Well, of course they are.
“Morgen, morgen, nur night heute, sagen alle falle leute.”
so declare personal bankruptcy....declare it again...don't work...go on unemployment and then disability...for heaven's sake, don't save any money...
after all, in the end, the takers continue to take, while resting on their couches, drinking their frappachinos...
I lived in CA during the housing crisis. That’s how people that paid their mortgages and people that didn’t buy a house that they couldn’t pay for felt.
A woman that worked for me lived rent free for 6 months in their house going through foreclosure, bought all kinds of good stuff on credit, then filed for bankruptcy.
There are folks living in Maryland (e.g., Prince Georges county) who have been living for years in “their” mortgaged house without making a single mortgage payment during that time. I find that behavior despicable.
Greece standoff: as it happened February 12 2015
http://www.telegraph.co.uk/finance/economics/11407727/Greece-standoff-reaction-live.html
Greece, EU, IMF officials discussed ‘bridge agreement’: Greek official
http://in.reuters.com/article/2015/02/11/us-eurozone-greece-bridge-idINKBN0LF25P20150211
EU Chiefs Take Up Greece Baton With Merkel Due to Meet Tsipras
http://www.bloomberg.com/news/articles/2015-02-12/eu-chiefs-take-up-greece-with-merkel-due-to-meet-tsipras
Atreides ...
things like that happen when the original-mortgage-note
was sliced, diced, lost, and then sold ten times to
ten different buyers.
original paperwork is lost.
nobody knows who owns what debt.
“nobody knows who owns what debt.”
What a scam some people are trying to pull. I bet if one of them had paper from the company saying they’d paid off their mortgage it would suddenly be the “right” company.
Sorry, I understand how people abuse the system to drag out evictions and repossessions for YEARS AND YEARS but it’s still a scam, dishonest and completely unacceptable IMHO. We have too many grifters in this country now and they tend to turn around and claim victim status and refuse to ever accept responsibility for their actions and rightful debts.
the problem is that lenders,
do not bother to register the debt (changes of ownership)
with the county
not my fault
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