U.S. Treasury Secretary Jacob Lew and IMF Managing Director Christine Lagarde said Greece’s debt burdens would overwhelm the country without eurozone lenders, particularly Germany, reducing its overall debt load.
“Greece’s debt is not sustainable,” Mr. Lew said. “The real question is, can [Greece] make the changes that will satisfy Europe to put in place the kind of debt restructuring that needs to be there.”
In the affluent suburb of Nea Erythrea, north of Athens, Iosif Perdikaris, a 72-year-old pensioner suffering from diabetes, was looking for insulin,
“How am I supposed to manage my diabetes without my insulin?” Mr. Perdikaris screamed at the pharmacist.
He said he was starting to regret voting against creditors’ terms for a bailout in last Sunday’s referendum.
“I voted ‘no’ and now look at this,” he said. “I can’t get my medications, and next week we may be using drachmas.”
Showing posts with label Greece. Show all posts
Showing posts with label Greece. Show all posts
Thursday, July 9, 2015
"Fear Grows in Greece as Decisive Hour Nears"
"Greece requested a new three-year bailout from its skeptical eurozone creditors and pledged some economic overhauls on Wednesday."
Sunday, July 5, 2015
Greeks reject demands for more austerity
"Today we celebrate the victory of democracy," Tsipras, who gambled the future of his 5-month-old left-wing government on the vote, said in an address to the nation.
"'no' is a big `yes' to democratic Europe. It's a no to the vision of Europe an infinite cage for its people. It is a loud yes to the vision of the Eurozone as a common area of prosperity and social justice."
"We don't want austerity measures anymore, this has been happening for the last five years and it has driven so many into poverty, we simply can't take any more austerity," said Athens resident Yiannis Gkovesis, 26, holding a large Greek flag in the city's main square.Big day for Bernie Sanders?
"Today, democracy is defeating fear ... I am very optimistic," Tsipras said earlier in the day after voting in in Athens.
Monday, June 29, 2015
Are we going the way of Greece?
Jeffrey55, Sheffield, United Kingdom, said...
This is your final final final final deadline......if you fail to adhere to Heir Angela's orders we will have another final deadline....there is no renegotiation until we try and renegotiate again....you will not be bailed out until we give you even more debt money and allow you even longer to never pay it back......now is that clear.......anybody ?
Labels:
debt,
Greece,
predicting economic crashes,
Puerto Rico
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