Originally posted by PonderableMmm......
In fact I fear that there are some misconceptions:
* The EU is not governed by Germany
Germany has rejected a Greek request for a six-month extension to its eurozone loan programme, after earlier signs that a compromise was possible.
Greece had sought a six-month assistance package, rather than a renewal of the existing deal that comes with tough austerity conditions.
However, a German finance ministry spokesman said it was "not a substantial proposal for a solution".
The European Commission had earlier called the Greek request "positive".
"[European Commission] President Juncker sees this letter as a positive sign, which, in his assessment, could pave the way for a reasonable compromise in the interest of the financial stability in the euro area as a whole," Commission spokesman Margaritis Schinas said.
But just minutes later the German finance ministry spokesman said the Greek request was an attempt at "bridge financing, without meeting the requirements of the programme. The letter does not meet the criteria agreed upon in the Eurogroup on Monday."
Originally posted by Rank outsidercould you give a source?
Mmm......
Germany has rejected a Greek request for a six-month extension to its eurozone loan programme, after earlier signs that a compromise was possible.
Greece had sought a six-month assistance package, rather than a renewal of the existing deal that comes with tough austerity conditions.
However, a German finance ministry spokesman ...[text shortened]... rogramme. The letter does not meet the criteria agreed upon in the Eurogroup on Monday."
Originally posted by PonderableLast minute talks today. Prepare for cobbled together fudge.
Well, it looks bleak for my thesis 🙁
I have read the letter to the EU and it seems it signals full compliance, so I can't say what is on the mind of Schäuble at this time.
http://www.bbc.co.uk/news/business-31545115
What you must remember about Brussels is that it has very long streets, and produces some of the world's strongest cans.
Originally posted by Rank outsiderreally glad we kept the pound,and hope we vote to leave the EU
Last minute talks today. Prepare for cobbled together fudge.
http://www.bbc.co.uk/news/business-31545115
What you must remember about Brussels is that it has very long streets, and produces some of the world's strongest cans.
Originally posted by johnnylongwoodySo an agreement has been reached.
So, an anti austerity party has gained well in Greece.
The Greek Prime Minister has conceded defeat.
Syriza the far left anti austerity party victor is
talking tough and has given 2 fingers to Germany
and the rest of the EU.
Greece may leave the EU and the Euro
if no agreement can be reached between
Syriza and the EU.
Ha ha ha, Europe may be separate nations again
like they were meant to be.
But we probably have to discuss this again in four month time.
Do you really think Greece would be better off after leaving the Euro?
Originally posted by PonderableLong term, absolutely.
So an agreement has been reached.
But we probably have to discuss this again in four month time.
Do you really think Greece would be better off after leaving the Euro?
The single European currency is the worst idea to be poorly executed, in the history of poorly executed ideas. The concept is pure extremist capitalist BS and the ultimate demonstration of greed over common sense.
Evidence? Look around.