Brussel negotiations were being carried on, well past the deadline with its 19 Eurozone partners. Prime Minister Alexis Tsipras and European leaders
were still in discussions, early Monday morning, on how Greece would
guarantee the measures proposed, in exchange for a rescue package to
prevent the banks from collapsing.
You have to wonder what
financial experts are whispering about – is it about the bailout or is
it about Greece’s euro currency. Euro partners, like Germany, have
warned that if Greece doesn’t concede to their offerings, that the
country could be temporarily forced from the euro system, which the
country has been a part of since 2002.
The obstacle appears to be
the terms of the austerity package and its timing. The leaders are
discussing Greece’s request for a 3-year, 53.5 bn-euro financial
package, but other Eurozone leaders
report that they believe that Greece should have more funding, thus
they believe tougher measures should be implemented, after all, this is
Greece’s third bailout in five year.
Prime Minister Tsipras wants the ECB to help the banks, but, creditors object to this idea, until the Parliament of Greece, passes...
Read more https://www.patriotdirect.org/greek-crisis-surrender-financial-power-consequently-for-bailout/
No comments:
Post a Comment