Greek deal is ready!

Ralphy1

Ralphy1

Well-known Member
Stock market futures soaring as it looks like a bailout is a done deal. The saving of the Eurozone seems to provide stability for the zone and the world in economic and political terms. It still has to be approved by the Greek parliament but this shouldn't be a problem. We should all breathe a sigh of relief...
 

Eurozone leaders have reached agreement over a third Greek bailout after marathon talks in Brussels.

EU chairman Donald Tusk said leaders agreed "in principle" on negotiations for the bailout, "which in other words means continued support for Greece".
Prime Minister Alexis Tsipras said that after a "tough battle", Greece had secured a "growth package" of €35bn (£25bn), and won debt restructuring.
Greece will now have to pass reforms demanded by the eurozone by Wednesday.
Follow our live updates
"There will not be a 'Grexit'," said European Commission head Jean-Claude Juncker, referring to the widespread fear that if there had been no deal, Greece would have had to leave the eurozone.
Mr Tsipras also said he had the "belief and the hope that... the possibility of 'Grexit' is in the past".
"The deal is difficult but we averted the pursuit to move state assets abroad," he said. "We averted the plan for a financial strangulation and for the collapse of the banking system."
 
European leaders already know what they want to do. The Greek people still have to agree to it. The deal includes Greece 'pushing' certain legislation through dealing with it's finances. This is what Greece doesn't like, being told what to do.
 

This is a perfect example of the need for bankruptcy. A lawyer would not let a client fiddle around with unpayable debt for as long as Greece has fooled around theirs. Futility will lead to frustration & desperation then unfavorable negotiation.
 
You must log in or register to reply here.

Back
Top