The latest development concerning the atmosphere between Greece its creditors can be summarized as such:
*** Creditors tell Greece: Hush!hush! Send Reforms Plan over
*** Greece tells Creditors: We sent reforms plan last week. there is no deadline for negotiations.
The Greek problem was, of course, one of the issues at the G7 leaders Summit. Nothing important came out. The world leaders have no idea how to deal with Greece.
US-President Barack Obama: Greece must achieve reforms and return to stable long term growth.
EC-President Jean-Claude Juncker: W ile I consider Tsipras a friend, “in order to remain friends one has to respect some minimum rules”.
For the detailred rest, please, do some internet surfing..
Worlds Leaders come together at G7 – Green fields walking in luxurious Elmau Castle, Bavaria, Germany.
Blooming flowers on German alps
The Sound of Music
Greece’s creditors need a dose of reality – this is no time for European disunion, Joseph Stiglitz, Friday 5 June 2015
The inexperience and arrogance of new Greek government isolated Greece. Greece became alone and everyone see it as the “problem-kid” of Europe, so the Grexit seems to be the most probable solution. Sorry for the Greek people that believed again in “socialist dreams”….
See an good article published today by independent press in USA. http://www.npr.org/2015/06/07/412633550/as-g7-begins-greek-bailout-tops-agenda-and-isolation-fears-grip-greece
after Grexit- and Default-Fear now comes Isolation-fear. the scenarios are without limit. Venceremos, then! :p
Don’t worry, the European trouble-kids will be soon the Eastern states because they refuse to take refugees and the old European family will get closer because of this.
I guess some are not so much amused by the arrogance of the new members but it’s still not the fault of Greece that they didn’t join in 1981, therefore as they preferred to stay “communist” they all still have a welfare system. And, yeah it’s a very socialist dream of isolation to be the only EU-country without public assistance, wow, 100.000 unemployed receive 360 Euro and their number is getting lesser day by day, already 1.2 million socialists get nothing at all.
“arrogance”? Where the hell do you live? Not in planet earth for sure. The Greek government has been compromising and trying to appease the manoey-lenders that want their “pound of flesh” well beyond what was their election platform. At every turn Varoufakis talks about the “European family” in quite pathetic way I might add…
If there is anything wrong with the Greek government is the fact they wish for an agreement more that the “European partners”. The problem with the Greek government is that it did not went further in preparing a controlled exit from the Euro. The problem with the Greek government is that they still harbor illusions about the “European family”.
No matter how much the Syriza government bends to the ECB/IMF/EU demands the EU trolls and institutions will never be pleased unless Greece accepts a total and humiliating surrender. Let Dan and other EU trools words be a warning to all Greeks that think a “honorable compromise” is possible with these sociopaths.
@Dan. You seem to inhabit the fantasy world laid out by Troika propaganda. It has nothing to do with reality, nothing to do with economics, nothing to do with morality. It is a narrative constructed by the neoliberal Right (read: bankers, big business and their political friends) in order to salvage themselves from the almighty fuckup that they made with global banking and its criminal excesses.
In 2010 there were two broad choices to be made politically: allow the banks to fail, whilst protecting small investors, and assume greater political control of the excesses, corruption and misappropriation of economies. Or (as they rapidly chose) look for scapegoats, such as severely indebted economies with no political or military power, and subsidise banking and big business and the big investors with public moneys — derived from taxation of the poor. The first choice would have damaged the investments of the rich, but would have led to a rapid recovery of the real economies of Europe. These political terrorists chose to protect the rich and attack the working and middle classes. That’s where we are today. Nowt to do with Greece.
The entire strategy of the creditors is wrong
Syriza should recruit the IMF’s research department to be their spokesman because they are saying almost exactly the same thing as Syriza on the economics of this. The entire strategy of the creditors is wrong and the longer this goes on, the more is its going to cost them.
Ashoka Mody, former chief of the IMF’s bail-out in Ireland, 05 Jun 2015