The wheeling and dealing has begun in earnest. Deals are always done behind the scenes. With selective leaks, of course. That's part of the process.
The Guardian
Greek crisis: EC president Tusk calls for debt relief plan - live updates
Graeme Wearden
ht Clonal
1 comment:
Woah! Back in Frankfurt, Wolfgang Schäuble has said the IMF is correct that Greece needs a haircut make its debt sustainable; but alas this isn’t possible under European rules.
This guy (and the German govt) wants Greece out of the euro (and maybe the EU) so bad...
A monetary union constructed like ours is nothing but an invitation for somebody that doesn’t stick to the rules and that’s called moral hazard.
and
"We could take Puerto Rico into euro if #US were willing to take #Greece into dollar. (Jack Lew) thought that was a joke”
He is a crackpot and a jerk.
Clueless (Sapin french finmin):
“Balanced budgetary strategies are necessary and efforts are needed to boost investment,” Sapin told a conference in Frankfurt. “We must find the right balance between indispensable budgetary consideration and boosting growth.”
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