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Europe
Greece says creditors proposals 'aggressive'
2015-06-08
[Iran Press TV] Greece's finance minister has described as "aggressive" a list of proposals on a default-saving loan deal to the debt-ridden country by its international creditors.

Last week, the European Commission offered Greece a five-page list of proposals, including sales tax hikes, privatizations and cuts in civil servants' salaries and pensions, aimed at ending Athens' debt crisis.

Greece's Finance Minister Yanis Varoufakis on Sunday slammed the proposals by the European body, saying, "It was an aggressive move designed to terrorize the Greek government.... This Greek government cannot be terrorized."

On Friday, Greek Prime Minister Alexis Tsipras rejected the proposal, calling on the nation's international creditors to withdraw their "absurd" demands for additional austerity cuts in return for unlocking the final bailout funds.

Greece has been engaged in months of negotiations with its creditors, the International Monetary Fund (IMF), the European Union
...the successor to the Holy Roman Empire, only without the Hapsburgs and the nifty uniforms and the dancing...
(EU), and the European Central Bank (ECB), with the aim of unlocking the last €7.2 billion (USD 7.8 billion) tranche of its bailout deal. As there is no deal on the horizon and there are billions of dollars in loan repayments, a potential Greek debt default is feared which, in turn, could lead the country toward crashing out of the 19-nation eurozone.
Posted by:Fred

#1  The Euros would have to be crazy to give in to the Greek government at this point. However, they actually are crazy.
Posted by: Grins Snese4215   2015-06-08 01:29  

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