Free Republic

Irreconcilable Positions Greece owes the Troika over €11 billion in bailout repayments through the end of July. Greece is unable make those payments unless the Troika releases the funds. Position 1: “We need a big debt restructuring, no more kicking the can,” says Greece’s Minister of State. Position 2: Germany offers a possibility of unspecified debt relief, at a future point in time, only if necessary. First, Greece must make another round of budget cuts on top of the pension cuts its just made. Greece has caved in every time, and in the most humiliating ways. Greece even caved in...