Full European Union summit on Greece to take place on Sunday

[Bosonic]

Last edited Tue Jul 7, 2015, 05:32 PM - Edit history (1)

Source: The Irish Times

German chancellor Angela Merkel has said she hoped to have sufficient reform proposals from Greece this week to be able to ask the German parliament to approve negotiations on a new long-term aid programme for Athens.

She said all 28 European Union leaders would meet next Sunday to discuss support for Greece provided Prime Minister Alexis Tsipras put forward detailed reform proposals along with a loan request by Thursday that were considered satisfactory.

She said she was “not exaggeratedly optimistic“ of a solution to rescue on Sunday but the summit had been called “because we think the situation is so dangerous“.

Asked if Greece could crash out of the euro zone if it failed to put forward convincing reform proposals, she said Sunday‘s summit would decide whether to open negotiations on a two-year programme for Athens.

Read more: http://www.irishtimes.com/news/world/europe/full-eu-summit-on-greece-to-take-place-on-sunday-1.2276155

[Bosonic]

1. Greece Must Meet Sunday Deadline to Reform or Face Euro Exit

Greece Must Meet Sunday Deadline to Reform or Face Euro Exit

European leaders set a Sunday deadline to rescue Greece, saying otherwise they’ll take the unprecedented step of propelling the country out of the euro.

A summit in Brussels bought Greece’s anti-austerity government five days to make new economic reform proposals to earn another aid package that would save it from financial ruin.

“We have only a few days left to find a solution,” German Chancellor Angela Merkel told reporters late Tuesday after euro-area leaders met in Brussels. She conceded that she is “not especially optimistic.”

http://www.bloomberg.com/news/articles/2015-07-07/greece-must-meet-sunday-deadline-to-reform-or-face-euro-exit

[geek tragedy]

2. Tsipras: We want a final exit from the crisis

http://www.theguardian.com/world/live/2015/jul/07/greek-debt-crisis-alex-tsipras-seeks-last-chance-deal-live#block-559c4236e4b032a39a3bb134

That word can't be an accident.

As many have said, Grexit is necessary. The only way to save a bad marriage is to end it.