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Judging by how events have unfolded for the past few years, it seems that deadlines have always been extended...for Greece to postpone 'punishment' yet again.
I was watching Bloomberg news and they were interviewing this official from Brussels about the prospects of Greece getting another deadline even if the current one due this Sunday (12 July, 2015) is not met satisfactorily. The official shrugged his shoulders helplessly and gave a wry smile.
What do you think? Is this Hellenic drama ever going to end? When will deadlines ever be taken seriously?
The Greek government has accused the EU of blackmail & terrorism, hardly the sort of attitude that would persuade their creditors to agree to a third bailout.
Tsiparas has knowingly misled the people of Greece, I believe he should resign.
I believe this is the ultimatum, the precedent governments had a different behaviour and tried to implement, although unsuccessfully for the most part, some of the reforms the UE was asking for. This one, however, is using a different and more agressive approach which will end up backfiring sooner or later.
Do people still care? It is getting tiring. Endless talk and "negotiation".
The Euro Zone doesn't seem to have a bottom line. If it keeps showing that it is so reluctant to accept a Grexit, Greece will keep taking advantage of that.
If the EZ decides to compromise again, Greece will definitely default again. And if the EZ can't survive without Greece, it probably shouldn't exist at all.
Location: Northern Ireland and temporarily England
7,668 posts, read 5,262,503 times
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Quote:
Originally Posted by botticelli
Do people still care? It is getting tiring. Endless talk and "negotiation".
The Euro Zone doesn't seem to have a bottom line. If it keeps showing that it is so reluctant to accept a Grexit, Greece will keep taking advantage of that.
If the EZ decides to compromise again, Greece will definitely default again. And if the EZ can't survive without Greece, it probably shouldn't exist at all.
I agree, it's terrible what has happened but Greece is far away. Everytime I turn on the BBC news it's all I hear, I don't really care to be honest.
It isn't going to have any effect on me anyway as I am not in a eurozone country.
Washington for geopolitical reasons doesnt want Greece to leave the eurozone (proof that the € is not only a financial but also a political institution) ,and as the US calls the shots (Greece is a member of NATO), the EU will probably extend to Greece a new rescheduling of its debt. And if Merkel disagrees, Obama will send him his little yapping poodle Hollande to coerce her (and the German taxpayers) into bailing out Greece.
How shameful the whole picture.
Washington for geopolitical reasons doesnt want Greece to leave the eurozone (proof that the € is not only a financial but also a political institution) ,and as the US calls the shots (Greece is a member of NATO), the EU will probably extend to Greece a new rescheduling of its debt. And if Merkel disagrees, Obama will send him his little yapping poodle Hollande to coerce her (and the German taxpayers) into bailing out Greece.
How shameful the whole picture.
Ah, that's what I keep on hearing...
That the US ( and IMF?) keep on putting pressure on EU to keep Greece in.
The prosperous Germans are not the most unhappy with this Greek farce. Greece has developed some bitter critics and perhaps outright enemies among those who live closer to the bone than the Greeks care to.
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