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Daily Archives: July 14, 2015

EURO Summit Background: Grexit at 6 am Monday

Several international media have leaked background information of the stormy negotiations between Greek Prime Minister Alexis Tsipras and his euro “partners” during the Euro Leaders Summit on Sunday and the dramatic night that followed. Talks “nearly ended in a Grexit, both figuratively and literally when, at 6am Monday morning Brussels …

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FinMin Schaeuble suggests Greece should issue IOUs – Did he agree with Varoufakis, after all?

German Finance Minister Wolfgang Schaeuble suggested that Greece should issue IOUs in order to meet some of its domestic payment obligations. According to information of German daily Handelsblatt, Schaueble suggested the IOUs option during discussions with other euro zone finance ministers at the Eurogroup meeting yesterday, Monday. Citing eurogroup participants, …

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