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  • Greece may seek up to 24 billion euros in first new aid tranche: paper

    From reuters.com

    Greece may seek 24 billion euros in a first tranche of bailout aid from international lenders in August to prop up its banks and repay debts falling due at the ECB, a pro-government Greek newspaper said in its early Sunday editions. Athens is now in talks with the European Commission and the International Monetary Fund to secure up to 86 billion euros ($94.48 billion) in bailout aid. It will be its third bailout since 2010. Avgi newspaper, which is close to the leftist Syriza government, said Greek authorities expected to conclude talks with lenders by mid-August. The first tranche of 24.36 billion would be used to ... (full story)

  •  Guest
  • | IP XX.XXX.144.86
What else is new? Where is this "loan" coming from? Will any of it ever be paid back?

And if money comes from the IMF will American taxpayers be on the hook for this?
Euro is hostages !
Quoting datdle
Euro is hostages !
For along time...
  •  Guest
  • | IP XXX.XX.164.126
Greece has ruffly 180% debt to GDP ratio.If you compare the debt to GDP of Greece to the United States you might be surprised.
The point of the matter from Chris Martenson at Peak Prosperity is not only the debt to GDP ratio but what the Central Banks are trying to accomplish with adding more fuel to the fire.(adding on more debt).
Being aware of the Central Bank motivation is what's actually behind it.
Greece will continue living on bailouts. Wonder how the hell Greece is going to repay debts when the bulk of bailout funds received goes back as debt repayment of previous debts? Part of that bailouts goes to Greek banks coffers, leaving lending/credit to businesses to revive the economy and stimulate growth much to be desired because the banking system itself now needs 25 B Euro to be propped up. 6 months of back and forth between Greece and creditors sunk the Greece economy deeper into the hell hole now forecasted to contract by 4%. A continuous growth of over 3% is required for Greece to be able to make gradual payments not from bailout funds. With a contraction of 4% forecasted, Greece is doomed to keep on borrowing to pay debts. Sell national assets to repay debts?? Crazy. Greece would have to sell all with no end in sight. A sorry state for Greece.
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  •  Guest
  • | IP X.XXX.241.39
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  • Posted: Aug 1, 2015 8:53pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 5  /  Views: 2,665