Is Greece all sorted now?

ILW

Haven't heard anything for a while.

Mr_Mumble

Of course our wonderful, magnificent political leaders sorted all that out....

Greece Back at Center of Euro Crisis as Spain Yields Soar

The Washington-based IMF has signaled to European officials that it will stop paying further rescue aid to Greece, bringing the country closer to insolvency in September, Der Spiegel magazine cited unidentified European Union officials as saying in this week’s edition, published yesterday. It’s “already clear” to the troika that Greece won’t reach the 120 percent target, Spiegel said.

RUN_RABBIT_RUN

yeah, libya's all sorted now too - haven't heard anything recently so i assume everythings ok!

isn't it funny how once the news agenda moves on, we perceive everything to be ok in those areas. i saw a documentary on post-gadaffi libya and it was pretty harrowing, in all honesty.

i don't expect it's going to have gotten much better in the last few months either, but it's no longer selling papers or creating television ratings so the media has moved on....

kabayiri

All major bad news has been put on hold until after the Olympics. This was a decree from on high by All-seeing-emperor-Lord-Coe.

Mrs_Bones

Mr_Mumble wrote: »

Of course our wonderful, magnificent political leaders sorted all that out....

Greece Back at Center of Euro Crisis as Spain Yields Soar

Quote:
The Washington-based IMF has signaled to European officials that it will stop paying further rescue aid to Greece, bringing the country closer to insolvency in September, Der Spiegel magazine cited unidentified European Union officials as saying in this week’s edition, published yesterday. It’s “already clear” to the troika that Greece won’t reach the 120 percent target, Spiegel said.

That's been clear to quite a few people for a long time, how come the troika and IMF have only just worked it out?

Ronnie_Grimes

Greece must pay its next round of bond redemptions on August 20, and over the weekend the IMF stated that they are suspending Greece's future aid tranches due to lack of reform. August 20 might be the most important day of the entire summer

worldtraveller

I was looking at the upcoming public holidays as a time when the banks could have an extended closure to bring the drachma back. The next holiday is on the 15th August, but that's a Wednesday. Outside chance? Close the banks for 5 days? :think:

BlondeHeadOn

I thought the Greeks all went on holiday for about 3 months every Summer?

Now might be a good time to bury bad ειδήσεις ....

:cool:

GeorgeHowell

Nothing in the Eurozone is sorted. It's all done with sticking plaster and string. The federalists believe that fairly soon the whole fiasco will force the effective creation of a full political union, which is what the Euro was always all about. They may be right, since the populations of these countries appear to be brainwashed regarding the European project, and faced with either giving up their sovereignty or coming out, or seeing it all break up, it seems likely that the majority will opt for the former. That would be our chance to negotiate what amounts to a free trade arrangement like it was supposed to be in the first place

Thrugelmir

ILW wrote: »

Haven't heard anything for a while.

Why worry about Greece when Spain is now in the firing line.

Graham_Devon

Reading the articles about Greece and how they reckon the forecasts were wrong, and Greece is actually going to suffer a harsher recession this year....I reckon Greece will be given longer to repay debts.

We'll see if I'm right soon. Will the can be kicked again? I truly think so.