Wednesday, July 1, 2015

Yet, Another Greek Bailout Proposal Rejected

A new proposal for budget cuts and policy overhauls from Greek Prime Minister Alexis Tsipras was dismissed by European officials Wednesday as insufficient to revive negotiations over a new bailout for Greece.

German Chancellor Angela Merkel signaled she is not about to tolerate any Greek half measures..

“A compromise at any cost would only be a result in order to get a result, only because one isn’t able to live with a conflict because one is afraid to fight the battle,”  Merkel said.

It continues to baffle me, but it appears that Tsipras has no plan B and has not yet even ordered up the printing of a new Greek currency, as an alternative option.



  1. seems like he is attempting buy time in some way although how or what for i don't know.

  2. What would and Austrian economist do in this situation?

    1. an Austrian wouldm't have got into that situation.