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Greek Bailout Dissected as German Skepticism Clouds Talks


European officials are grilling Greece on its bailout proposals in talks to save its place in the euro as a German-led bloc questions whether they go far enough.

Hours after Greek Prime Minister Alexis Tsipras won overwhelming support in Parliament for the package of spending cuts, pension savings and tax increases, some finance ministers arriving in Brussels voiced skepticism over the details. Their meeting begins two days of wrangling that will conclude with a summit on Sunday, the deadline to reach a new deal.

“The Eurogroup still needs to discuss proposals and several questions are still unresolved, ” Estonian Finance Minister Sven Sester told reporters as he arrived for the gathering. “A strong long-term plan is needed to get the economy back on its feet.”…  READ MORE



1 Comment

1 Comment

  1. kushal kumar

    July 12, 2015 at 7:12 am

    The Greece bailout issue seems to be heading to prove this Vedic astrology writer’s prediction right  ,expressed a number of times here and elsewhere.  The ongoing planetary impacts suggest that there are two options open to Greece. Climb down, be humble and shake hands with creditors in EU or move from one crisis to another. In either case, creditors or members in EU may have to bear with something.

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