So Much for Oxi

From vantagefx.com

Greece Buckling: In it’s race to avoid a full scale bankruptcy, Greece has this morning submitted a package of proposed reforms to it’s Eurozone creditors in hope that a last minute deal can be struck heading into the weekend’s deadline. The package has been reported in Greek media here, and contains a proposal of tax increases and pension reforms. Both major sticking points in past proposals. If accepted by the Eurozone, the measures would have to be voted through parliament next week, meaning that Greece would require yet more emergency funding to keep the banking system hanging on by a thread. Bad news for ... (full story)