Posted on 08/14/2015 10:48:37 AM PDT by Citizen Zed
Finance ministers from the euro zone were meeting in Brussels on Friday expecting to give their final blessing to lending Greece up to 85.5 billion euros after parliament in Athens agreed to stiff conditions overnight.
German Finance Minister Wolfgang Schaeuble, long the most powerful skeptic on the merits of giving Greece a third bailout to keep it in the EU's common currency area, voiced optimism as the meeting began that it would end with an accord that will give Athens the funds needed to meet a loan repayment next week.
However, some issues still need to be ironed out following a deal struck on Tuesday by negotiators from the European Commission, European Central Bank and International Monetary Fund. Among these are how to ensure the IMF remains involved in overseeing the new euro zone program while delaying satisfying IMF calls for debt relief for Greece until a review in October.
(Excerpt) Read more at reuters.com ...
Bailouts are dumb. Europeans should have gotten it by now: the Euro was a dumb idea.
Not for the elitists who get paid off to sell out their countries. Greek voters voted to get OUT of the European monetary system. The pols they voted in to do so backstabbed them, again.
Thanks Citizen Zed.
It worked so well the last time. [Irony]
Kicking the can down the road is all they are doing here.
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