Greece bailout: Coalition fail to agree cuts

Thrugelmir

Is the grand European plan finally going off the rails.

Greek Prime Minister Lucas Papademos has failed to secure the support of his coalition for a raft of new austerity measures, reports say.

http://www.bbc.co.uk/news/world-europe-16958102

Mrs_Bones

I must be in a parallel world because that link goes to the BBC report on their website that is timed at 1.02 saying as you say that the Coalition has failed to reach a deal or agreed to cuts.

Yet just a couple of minutes ago on the BBC news channel at 1.21 they are reporting that they have reached a deal and agreed to cuts.

I'm confused, which is it? have they or haven't they

If they have reached a deal, giving how the electorate are now feeling, I'm half expecting that very soon there will be an announcement that due to the national financial emergency they are postponing the planned April elections.

michaels

It is all very like the British Labour party - refusing to accept that cuts are unavoidable but not offering any expliantion of how they will continue to spend more than they earn given no one is willing to lend them any money.

RUN_RABBIT_RUN

seems that the pensions are the stumbling block

unfortunately it looks like they're looking to hit the poorest the hardest, with a pension cut and a minimum wage cut. i can't imagine that going down very well at all with the greek people

not much option tho

homelessskilledworker

RUN_RABBIT_RUN wrote: »

seems that the pensions are the stumbling block

unfortunately it looks like they're looking to hit the poorest the hardest, with a pension cut and a minimum wage cut. i can't imagine that going down very well at all with the greek people

not much option tho

The problems they are having stem from too much borrowing, so what is theiw solution, more borrowing!!

This is the economics of MrRee/MrsRees/Sibley or JulieQ

Graham_Devon

Thrugelmir wrote: »

Is the grand European plan finally going off the rails.

I'm not at all surprised, and I won't be at all surprised when they still get their money.

Even the markets don't seem remotely bothered anymore.

mr_fishbulb

Yet the FTSE is still going strong. No massive drops this morning, in fact it's up a little.

Masomnia

mr_fishbulb wrote: »

Yet the FTSE is still going strong. No massive drops this morning, in fact it's up a little.

Yeah was fearing the worst for my Lloyds shares, but quite the opposite. Not sure what's going on tbh.

The_White_Horse

the greeks will get the money. they don't have to agree anything. they know it and the Troika knows it. it is all a charade. they will keep getting money so the whole EU gravy train keeps going for a few more years.

Norfolk_Jim

Yup, its all part of the plan to create one giant lefty socialist superstate United States of Europe and sadly they seem to be getting away with it the whole of the time

Graham_Devon

They've now agreed to new austerity measures.

However, there is no detail as yet to what has been agreed.