Tsipras Vows to Reject Unfair Deal as EU Braces for Collapse
Source: Bloomberg
by Marcus BensassonNikos Chrysoloras
June 17, 2015 5:28 AM EDT
reek Prime Minister Alexis Tsipras said hes ready to assume responsibility for the consequences of rejecting an unfair deal with creditors.
In a sign that hes being taken at his word, officials from the Netherlands, Portugal and Germany said they were bracing for a breakdown in talks that could roil the currency bloc.
With a viable solution the Greek government recently elected by the Greek people will bear the cost of carrying through, Tsipras told reporters in Athens on Wednesday. Without one, we will assume the responsibility to say the great no to a continuation of the catastrophic policies.
The Athens Stock Exchange erased its gains after the prime ministers comments with the clock ticking down to an expiration of Greeces financial lifeline on June 30. Talks between Greece and its creditors are stalled as euro-area finance ministers prepare to meet in Luxembourg on Thursday. The gathering has been billed as a last chance to seal an agreement on as much as 7.2 billion euros ($8.1 billion) in bailout aid.
Read more: http://www.bloomberg.com/news/articles/2015-06-17/greece-told-reform-isn-t-crazy-as-central-bank-warns-of-eu-exit
Javaman
(62,530 posts)the IMF wants to manipulate Greece into being the sweatshop of Europe by basically making it an indentured slave.
Greece is looking for a fair deal and not to be shaken down ad infinitum.
bvar22
(39,909 posts)Look what the IMF (and Global Banks) did to Gaddafi when he told them to stay the fuck out of Africa, and used Oil Money to undercut any of the development "loans" collateralize by Africa's Natural Resources.
http://www.atimes.com/atimes/Middle_East/MD27Ak01.html
Betty Karlson
(7,231 posts)All other Europeans and their traditions were sacrificed over and over again to make that wretched currency work. Time to split up the infernal ephemere, and chase the neo-liberal nightmare away.
Peace Patriot
(24,010 posts)I was going to say that Bloomberg headline writers should be ashamed of themselves, but they have no shame, really. They are advocates for the 0.01%.
quadrature
(2,049 posts)or better yet , a million to the dollar.
everybody wins