Australia's largest stock trading and investment forum Australia's #1 stock forum

IMF abandons debt talks with Greece, page-95

First 95 Last

Share
Profile

Follow
DavoMagic

16,897 Posts.

56

17/06/15

19:03

Post #: 15485112
Share

Originally posted by thorburn ↑

skids, it's not a young Greek cabinet as alluded to if you bothered to read the post I was responding to..

The trouble is ideological. The troika have reduced budgetary surplus demands from 4% this and next year to 1% and 2% the year after and asked that budgetary cuts come from reducing pensions from 16% of GDP to 15% and cutting a piece from public service pay.

The Greeks want to raise a special tax surcharge on big company profits and cut military spending. The troika doesn't believe that these ambitions are feasible

There has been much give and take and it won't take much to get to an agreement. The problem is now political and there is room for both sides to shift.

The IMF hasn't abandoned talks with Greece. Both parties are hard at work getting a meaningful dialogue going.

Naturally the problem is when a new agreement expires will this be the sos? There needs to be a lasting agreement, permanent and lasting with targets.

Might happen with Tsipras as a trade off. I hope so.

Expand

Why can't Greece do it the governments way, drop the debt and go it alone?

If they believe they can't survive independently using their methods how can they expect to be believed they will pay off the debt with Europe?

Why don't Greece's govt prove themselves correct and go it alone? Easier to do so without the debt burden surely!!!
Upvote

Reply

There are more pages in this discussion • 1 more message in this thread...

First 95 Last