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Title: Greece and lenders agree new bailout deal, finance minister says Post by: zenitzz on August 11, 2015, 06:59:08 AM Only ‘two or three small issues’ remain pending, says Euclid Tsakalotos after all-night talks in Athens with international lenders
Greece and its international lenders clinched a multibillion-euro bailout agreement on Tuesday after all-night talks, officials said, raising hopes that aid can be disbursed in time for a major debt repayment due in days. After a 23-hour session which started on Monday afternoon, exhausted Greek officials emerged in a central Athens hotel to announce that both sides had agreed details of the deal, although a couple of minor issues remain. “Finally, we have white smoke,” a finance ministry official said. “An agreement has been reached. Some minor details are being discussed right now.” The Greek finance minister, Euclid Tsakalotos, confirmed that “two or three small issues” remain pending. Read more: http://www.theguardian.com/world/2015/aug/11/greece-and-lenders-agree-new-bailout-deal-says-finance-ministry-official Title: Re: Greece and lenders agree new bailout deal, finance minister says Post by: V for Varoufakis on August 11, 2015, 08:02:24 AM Did they asked the left platform?
Title: Re: Greece and lenders agree new bailout deal, finance minister says Post by: jayce on August 11, 2015, 07:11:10 PM Well Greece are just digging its own hole deeper, but there is no other solution except that for now. Greece would face same crisis once again in the deadline of payment time in future. No chance for Greece to pay all its debt, even for half.
Title: Re: Greece and lenders agree new bailout deal, finance minister says Post by: tsoPANos on August 11, 2015, 10:31:41 PM Well Greece are just digging its own hole deeper, but there is no other solution except that for now. Greece would face same crisis once again in the deadline of payment time in future. No chance for Greece to pay all its debt, even for half. Ok so why do the other European countries lend to that country?Would you lend to someone if you were sure he couldn't pay back? Don't tell me they don't know, they do, they really do.... Title: Re: Greece and lenders agree new bailout deal, finance minister says Post by: Lauda on August 12, 2015, 08:02:37 AM Ok so why do the other European countries lend to that country? Because they are making money off of this. More debt to pay debt is not a solution, it's just as jayce said, digging a deeper hole. According to a study, Germany has gained 100bn euros from Greece. (https://in.news.yahoo.com/germany-gained-100-bn-euros-143725759.html)Would you lend to someone if you were sure he couldn't pay back? Don't tell me they don't know, they do, they really do.... Quote The estimated €100 billion Germany had saved since 2010 accounted for over three percent of its GDP, the report said. "These savings exceed the costs of the crisis - even if Greece were to default on its entire debt," the study said. Germany and the others are slowly taking advantage of these countries. Either they profit directly like this, or indirectly (if Greece starts selling islands or something). I always wonder how a country manages to get itself in such a situation. Title: Re: Greece and lenders agree new bailout deal, finance minister says Post by: jayce on August 12, 2015, 12:57:02 PM Well Greece are just digging its own hole deeper, but there is no other solution except that for now. Greece would face same crisis once again in the deadline of payment time in future. No chance for Greece to pay all its debt, even for half. Ok so why do the other European countries lend to that country?Would you lend to someone if you were sure he couldn't pay back? Don't tell me they don't know, they do, they really do.... |