fj1200
04-13-2015, 09:54 PM
I'm stunned that no one has brought up those wacky leftists in Greece and their budget problems.
Greece denies report that it is preparing for debt default (http://finance.yahoo.com/news/greece-denies-report-preparing-debt-default-181757222--business.html)
ATHENS (Reuters) - Greece denied on Monday a report by the Financial Times that it was preparing for a debt default if it did not reach a deal with its creditors by the end of the month and said the negotiations were proceeding "swiftly" towards a solution.
Athens has been kept afloat by bailouts totaling 240 billion euros from the European Union and the International Monetary Fund since 2010, but has not received any loans since last August.
It is fast running out of cash and must strike a deal on reforms with its lenders before further money is disbursed.
...
"Greece ... is not preparing for any debt default and the same goes for its lenders. Negotiations are proceeding swiftly towards a mutually beneficial solution," Prime Minister Alexis Tsipras' office said in a statement.
"What appears to rankle is that the Greek government is determined to put an end to austerity policies."
...
"April 24 will once again prove not to be the end of the world," said the statement from Tsipras' office.
Earlier on Monday, European Commission Vice President Valdis Dombrovskis told Reuters that Greece was not moving fast enough to draw up and implement structural reforms and that there was limited time to prevent it running out of cash.
I'm morbidly curious to see what will happen if/when Tsipras tells them to pound sand.
Greece denies report that it is preparing for debt default (http://finance.yahoo.com/news/greece-denies-report-preparing-debt-default-181757222--business.html)
ATHENS (Reuters) - Greece denied on Monday a report by the Financial Times that it was preparing for a debt default if it did not reach a deal with its creditors by the end of the month and said the negotiations were proceeding "swiftly" towards a solution.
Athens has been kept afloat by bailouts totaling 240 billion euros from the European Union and the International Monetary Fund since 2010, but has not received any loans since last August.
It is fast running out of cash and must strike a deal on reforms with its lenders before further money is disbursed.
...
"Greece ... is not preparing for any debt default and the same goes for its lenders. Negotiations are proceeding swiftly towards a mutually beneficial solution," Prime Minister Alexis Tsipras' office said in a statement.
"What appears to rankle is that the Greek government is determined to put an end to austerity policies."
...
"April 24 will once again prove not to be the end of the world," said the statement from Tsipras' office.
Earlier on Monday, European Commission Vice President Valdis Dombrovskis told Reuters that Greece was not moving fast enough to draw up and implement structural reforms and that there was limited time to prevent it running out of cash.
I'm morbidly curious to see what will happen if/when Tsipras tells them to pound sand.