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Greek crisis talks collapse in acrimony as Syriza defies EMU
The Telegraph ^ | 16 Feb 2015 | Ambrose Evans-Pritchard

Posted on 02/16/2015 2:05:21 PM PST by NRx

Greece is on a collision course with the eurozone’s creditor powers after emergency talks ended in acrimony on Monday night, triggering the most serious political crisis since the launch of the euro.

The Leftist Syriza government reacted with fury to eurozone demands that it must stick to the country’s discredited austerity plan, describing the draft text as “absurd and unacceptable”.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Business/Economy; Foreign Affairs; Germany; United Kingdom
KEYWORDS: alexistsipras; europe; europeanunion; greece; greececrisis; syriza
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To: NRx

It appears that the experiment with debt has been thoroughly tried to dessication and beyond.


21 posted on 02/16/2015 4:19:08 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: NRx

the Greeks will muddle through


22 posted on 02/16/2015 4:25:42 PM PST by bert ((K.E.; N.P.; GOPc.;+12, 73, ..... Obama is public enemy #1)
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To: NRx

It sounds like the EU wants to know how Greece will pay the money back before they lend any more money. That does not seem so entirely unreasonable.


23 posted on 02/16/2015 4:58:55 PM PST by csn vinnie
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To: csn vinnie

If the EU had pro growth policies, it would make it easier for the Greeks to swallow the castor oil.

It doesn’t and at this point Athens has nothing to lose by pulling out of the EU monetary union.


24 posted on 02/16/2015 5:32:28 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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