7/14/2015

Greek crisis: surrender financial powerconsequently for bailout

Greek crisis: surrender financialpower consequently for bailout

http://www.patriotdirect.org/ Patriot Direct Dedicated to upgrowing

Greek crisis: surrender financial powerconsequently for bailout

Brussel negotiations were being carried on, well past the deadlinewith its 19 Eurozone partners. Prime Minister Alexis Tsipras andEuropean leaders were still in discussions, early Monday morning,on how Greece would guarantee the measures proposed, in exchangefor a rescue package to prevent the banks from collapsing.

You have to wonder what financial experts are whispering about is itabout the bailout or is it about Greeces euro currency. Euro partners,like Germany, have warned that if Greece doesnt concede to theirofferings, that the country could be temporarily forced from the eurosystem, which the country has been a part of since 2002.

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The obstacle appears to be the terms of the austerity package and itstiming. The leaders are discussing Greeces request for a 3-year, 53.5bn-euro financial package, but other Eurozone leaders report thatthey believe that Greece should have more funding, thus they believetougher measures should be implemented, after all, this is Greecesthird bailout in five year.

Prime Minister Tsipras wants the ECB to help the banks, but, creditorsobject to this idea, until the Parliament of Greece, passes certainmeasure packages. It is feared ...

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