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 ...
The 17th time is the charm.
There ya go. Call a meeting. That oughta do it.
“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.”
If you cut pensions and government workers salaries just what happens to their GDP? Their economy will shrink even further. Only solution is to leave the EU and inflate their way out.
Welcome to the third world countries. May you live and waddle in your garbage.
Europe needs to cut this turd loose!
Funny how Socialism turns everything to cr@p...
Greece will agree to extend the negotiations subject to the immediately availability of a little more credit. lol
Gas up your car and the clerk sticks you money in a cigar box...no trail for paying taxes...
Europe needs to cut this turd loose!
*************
It is afraid of the contagion spreading to the other “peripheral” countries. So the game continues....
Greece is a café society. What does it produce?
The current PM promised more socialism and communism and wonders why business hesitates to do business in Greece. In related news, they are also experiencing a serious brain drain as the best and brightest (once again) leave.
If Greece doesn’t self identify as a member of the EU do they have to pay the debt back?
high taxes, patronage jobs, and people who leave and succeed in other countries.
Simple solution, cut all pensions, especially under 60
none of the eu members self identify as “eu” first. It is not the USA or rather the USofE.
They are a conglomeration of existing nations rather a unity of a idea.
Food? Do they even produce that, or buy it from Albania?
Maybe that's because they don't live too long.
Agreed!
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