- We are getting very near to the complete meltdown of the Eurozone. The Illuminist (Satanic) banksters are about to pull the plug on Greece and ignite the global financial, economic and currency meltdown. Got physical gold/silver yet?
- EU Prepares for Worst as Greece Drives Finances to Brink
by Eleni ChrepaNikos Chrysoloras, http://www.bloomberg.com/
Greek Debt: Will EU Pressure Bring Deal or Default?
Prime Minister Alexis Tsipras is sending a delegation to Brussels with a new set of proposals for Greece’s creditors following a barrage of demands to get serious about making concessions or assume responsibility for a default.
With markets closed, the negotiators arrive Saturday to meet with officials from the trio of lenders withholding money unless their demands are met. The aim is to narrow differences on pension, tax and a primary surplus target ahead of a meeting of finance ministers on Thursday in Luxembourg, according to a Greek official speaking on condition of anonymity.
European leaders from German Chancellor Angela Merkel to European Union President Donald Tusk have voiced growing exasperation with Greece’s brinkmanship that has pushed Europe’s most-indebted country on the edge of insolvency.
Flitting between intransigence and conciliatory overtures, Tsipras has spent four months locked in an impasse with institutions that have the power to save his country from ruin – – the International Monetary Fund, the European Central Bank and the European Commission. The latest Greek counter-proposal is the second in June. The first was roundly dismissed.
Bank stocks plunged Friday after Greece ruled out pension cuts. That stance followed a warning by EU officials that it had less than 24 hours to come up with firm debt proposals, two officials present said. A Greek official speaking on condition of anonymity denied the government was handed an ultimatum.