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brooklynite

(94,727 posts) Wed Jul 1, 2015, 07:51 AM Jul 2015

Greece debt crisis: Tsipras in new bailout 'concessions'

Source: BBC

Greece's Prime Minister Alexis Tsipras has offered new concessions to the country's creditors.

A letter to creditors obtained by the Financial Times says Mr Tsipras is prepared to accept most conditions that were on the table before talks collapsed and he called a referendum.

On Tuesday, eurozone finance ministers refused to extend the previous bailout.

But Germany says a new agreement on a bailout would not be possible until after the referendum this weekend.

Read more: http://www.bbc.com/news/world-europe-33345219

7 replies

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Greece debt crisis: Tsipras in new bailout 'concessions' (Original Post) brooklynite Jul 2015 OP

Sounds like everyone involved here is playing chicken with the Greek economy. n/t Calista241 Jul 2015 #1

The referendum is going to confuse things a lot. Igel Jul 2015 #5

he used the referendum as a negotiating tactic thinking the Eurozone would geek tragedy Jul 2015 #7

Their banks are closed, they need to borrow money, they are not... PoliticAverse Jul 2015 #2

It's Merkel et al's turn to play hardball Bosonic Jul 2015 #3

And boy is she! ananda Jul 2015 #4

He has to walk the plank and (a) cancel the referendum or (b) call for a Yes vote geek tragedy Jul 2015 #6

Calista241

(5,586 posts)

1. Sounds like everyone involved here is playing chicken with the Greek economy. n/t

Reply to brooklynite (Original post)

Wed Jul 1, 2015, 07:57 AM

Jul 2015

Igel

(35,356 posts)

5. The referendum is going to confuse things a lot.

Reply to Calista241 (Reply #1)

Wed Jul 1, 2015, 09:56 AM

Jul 2015

What happens if it passes?

That deal's not on the table. Tsipras has to go back and try to resurrect it, even though he's also buried it?

And if it fails, so what? It's not on the table and says nothing about what's currently under discussion. But it does cost money to hold the referendum--a truly wise use of resources.

That's assuming it's taken at face value. Some will consider it a referendum on the text. Some on a referendum for what's under discussion. Some as a referendum for some deal with concessions. Some--perhaps many?--as a referendum on staying in the Eurozone.

All of those *different* outcomes show up as a single number.

"Okay, when I say, put your hands up if you want chocolate ice cream. Oh, maybe we don't have chocolate. Is that vanilla? This could be ... ugh, crawfish ice cream? Um ... maybe cake? Cookies? Maybe the best we have is peas. We're still looking to see what we have. While we're looking, let's vote. Okay, hands up!"