Tag: finland

May 18, 2015 0

Greece to Face "Take it or Leave it Offer" Just Like Cyprus

By News Desk

The Financial Times discusses the situation in Tsipras Letter Reveals Precariousness of Greece’s Finances . Greece came so close to defaulting on last week’s €750m International Monetary Fund repayment that the prime minister warned IMF chief Christine Lagarde he could not pay it without EU aid

January 16, 2015 0

Contagion Catch 22; Finland Opposes Greece Bailout Deal; No Scope for Solutions

By News Desk

Even if Finland was agreeable to bailout changes, the Size of Greece’s Debt Limits Scope for Solutions . Eurozone finance ministers agreed in November 2012 to consider further debt relief for Greece once it reached a budget surplus before interest payments, which it did for the last two years, and as long as it stuck to its promises of austerity and reform. But how much scope is there to reduce Greece’s debt burden