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IMF Works on Contingency Plans for Greek Default; Greece Says Deal Difficult; Timeline of Obligations
May 11, 2015 0

IMF Works on Contingency Plans for Greek Default; Greece Says Deal Difficult; Timeline of Obligations

By News Desk

The Wall Street Journal reports IMF Works With Greece’s Neighbors to Contain Default Risks . The International Monetary Fund is working with national authorities in southeastern Europe on contingency plans for a Greek default, a senior fund official said—a rare public admission that regulators are preparing for the potential failure to agree on continued aid for Athens. Greek banks are big players in some of its neighbors’ financial systems.

Merkel’s Own Party Ready to Give Up on Greece; Another Week of Deadlines; Reflections on Can Kicking
May 11, 2015 0

Merkel’s Own Party Ready to Give Up on Greece; Another Week of Deadlines; Reflections on Can Kicking

By News Desk

Merkel’s Own Party Ready to Give Up on Greece; Another Week of Deadlines; Reflections on Can Kicking German Chancellor Angela Merkel is increasingly isolated in her stance on Greece. Growing Pressure From Within the ranks of her own party bloc to give up on Greece for the sake of the euro. Members of Merkel’s Christian Democratic bloc are openly challenging her stance of keeping Europe’s most-indebted country in the 19-nation currency region.