Wednesday, June 10, 2015

11 June 2015 - By no means Germany would allow a third program to Greece after June 30; usual differences on pensions and labour continue to exist

Germany wants no third program after June 30:

http://www.reuters.com/article/2015/06/11/eurozone-greece-germany-government-idUSL5N0YX07O20150611

Differences remain:

http://www.euronews.com/2015/06/10/greece-s-tsipras-flies-to-brussels-for-crunch-default-talks/

"The talks have been deadlocked over Greece’s rejection of the creditors’ demands for cuts in pensions and unpopular labour market reforms as conditions for releasing frozen bailout funds.

Greece will be in default at the end of June without fresh funds to let it repay 1.6 billion euros to the IMF. It put off a smaller repayment earlier this month under a rarely used IMF rule allowing it to combine all payments due in any month."

It is June 11 - June 18 is EU deadline, 7 calendar days and working days remain for Greece.

No comments:

Post a Comment