Troika here, EU there, Schaeuble & Merkel lead the dance. In the middle the sustainability of Greece’ debt that does not decrease despite strict austerity measures and tax tsunamis. A third ‘rescue’ package is on the way.
“Greece’s international lenders will step up their assessment next month of how the sustainability of the country’s finances can be ensured, the European Commission’s economic chief said on Thursday.
The European Union, European Central Bank and International Monetary Fund first need to establish the facts “and then conclude what kind of additional financing needs there are,” Olli Rehn told journalists.
Ensuring debt sustainability through 2015 and 2016 was a priority, and the troika of lenders “will intensify our work (on this) from September onwards” and make concrete proposals soon after that, he said. (REUTERS)
Third bailout will fly by
PS Good to know that our lenders care about us. Because our politicians do not… (joke of the day)
