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posted by
cmn32480
on Thursday July 02 2015, @01:48AM
from the we'll-pay-you-back-this-time-we-swear dept.
from the we'll-pay-you-back-this-time-we-swear dept.
Greece missed a payment to the IMF on Tuesday and defaulted, but now they are willing to do the deal, or most of the deal, that would have prevented it. According to CNN:
Whoa! The Greek government is now ready to sign on to a bailout package it threw out just days ago, but the about-face won't fix the country's crisis any time soon.
Additional coverage of the Greek Referendum and the political backlash in the Eurozone can be found from the BBC.
It looks like they want to add amendments, so this is not a done deal. Maybe it's not too late for Greece? Or is the Euro better off without Greece? Or Greece without the Euro?
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Greece Defaults; Still Wants Bailout
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(Score: 1, Informative) by Anonymous Coward on Thursday July 02 2015, @12:42PM
No, they could not have held the same referendum five month ago : during the negociations, all parties changed their position. But now the EU wants to force Tsipras to forget the promises he made when he got elected : no more cuts to pensions, no more VAT on basic needs (such as electricity). This is were the blockage is, and now Tsipras has few choices. So he is just saying : here is what the EU/IMF/ECB want. Do you accept that (and I think you should not) or do you accept to take the risk of defaulting (and *maybe* Greece exit from the Eurozone even if no procedure exists for that in the EU treaties)