Posted on 06/15/2015 7:39:47 AM PDT by Enlightened1
Greece's Prime Minister Alexis Tsipras is to hold an emergency government meeting at midday London time to discuss the failure of the latest round of discussions with its creditors to help stop the country tumbling into bankruptcy.
Tsipras will meet with Deputy Prime Minister Yannis Dragasakis, State Minister Nikos Pappas and Alternative Foreign Minister for International Economic Relations Euclid Tsakalotos in the wake of the breakdown of negotiations in Brussels at the weekend, a government spokesman confirmed.
Talks between Greece and its creditors over the weekend yet again failed to resolve the impasse over reforms, with European officials blaming Greece for failing to offer concessions in return for a final tranche of desperately-needed financial aid.
Former Greek Prime Minister, George Papandreou, who led the country from 2009- 2011 and oversaw Greece's first request for an international bailout in 2010, told CNBC that the situation was a mess.
"It seems again very close to the brink of a disaster and it will be a real sin (if talks fail)," he told CNBC Friday.
The Greek people had sacrificed a lot over the last five years and battled high unemployment, he said, in order to "remain in the euro and at some point be able to access the markets and then get on a path of growth."
(Excerpt) Read more at cnbc.com ...
“If Greece doesn’t self identify as a member of the EU do they have to pay the debt back?”
Greece, cradle of “democracy,” seems to be a nation of people who look out for themselves, by whatever means are at their disposal.
—High Taxes? Dodge them, don’t pay them.
—Borrow money from others? Sure.
—Cannot repay others? No problem. Don’t pay.
It appears they have run out of “other peoples’ money.”
Not their own rich, and not the EU member nations.
At the start of the EU is the 1950s there was concern about letting in less wealthy nations from the South of Europe.
Which is why the Coalition of the Radical Left won big last election.
The did not win as much as the other established parties were just thrown out.
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