Daily Archives: June 26, 2015

Europe strikes back: It seems to be trying to push Greece out of the euro – The Washington Post

June 26, 2015 By in Austerity, Business Administration, Euro Crisis, Fiscal Policy, Growth, People, Politics Tags: , , , , , , , , 1 Comment

This is an insightful article from the Washington Post. It’s probably one of today’s best updates on the Greek debt crisis. Check it out!

via Europe strikes back: It seems to be trying to push Greece out of the euro – The Washington Post.

In recent days, there’s been a lot of sympathy for Greece but the creditors are now playing ‘hard-ball’.

It’s probably ‘take it or leave it time’ for Greece but either way there must be questions about the future of the government in Greece. The current government will probably struggle to get approval of the Greek Parliament for the terms. The alternative of non-payment of creditors and pensions will probably bring down the government, forcing a new election  or referendum.

Either way because of the current government’s negotiating tactics, it’s going to be more hardship for the Greek people.

Greece debt crisis: In depth news, comment and analysis from the Financial Times

June 26, 2015 By in Austerity, Business Administration, Euro Crisis, Fiscal Policy, Greece, People, Politicians, Politics Tags: , , , , , , , , Leave a comment

For a comprehensive analysis of the developing news on Greece‘s debt crisis, this FT link provides excellent coverage. Check it out!

via Greece debt crisis: In depth news, comment and analysis from the Financial Times.

Personally, I think that the hard-left Government of Greece has seriously miscalculated. It has not secured what it promised in its election manifesto. It is still possible for the Greek Prime Minister to accept the terms on the table but I fear that he will not have the political strength to secure ratification in Greece.

I sense that the Greek debt crisis is moving through the next gate to default.

Thoughts?