Thursday, May 28, 2015

28 May 2015 - Germany rules out early debt deal

Germany rules out early debt deal

http://www.lse.co.uk/AllNews.asp?code=i60jf8lb&headline=Germany_Rules_Out_Early_Greek_Debt_Deal

Editorial:
- wait for June 5, whether Greeks make IMF payment of 300 m
- if Greece makes IMF payment, the sooner Greece itself, nationally runs out of money
- only Greece defaulting in internal pension/labour payments will bring a deal

So the sooner Greece defaults on pension/labour payments, the better.

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