Prime Minister Alexis Tsipras’ jaunt to Moscow is set to pay dividends with reports Greece will sign a gas deal worth 3-5 billion euros and get money up-front.
Exasperated creditors have essentially thrown up their hands at Greek intransigence and are ready to wash their hands of providing any chance of more hope.
US President Barack Obama told a visiting Greek Finance Minister Yanis Varoufakis that Greece and international lenders must end an impasse.
Greece needs a dollar but it’s only got a dime and it’s running down the road and running out of time, world press reports say.
By the day, Greece is getting closer to a potentially catastrophic debt default that could force it out of the euro bloc. All it needs to avoid that fate is a deal with its creditors to get more loans, but there’s no sign that will happen.
Greece’s new Radical Left SYRIZA-led government is digging in and refusing to impose reforms to get more international aid.
The United States has sided with international lenders and told Greece’s new government to impose reforms and strike a loan deal.
Mounting fears of a Greek debt default sent the country’s borrowing costs surging higher April 16 and prompted one prominent U.K. bookmaker to stop taking bets on the possibility of Greece leaving the Eurozone.
Greece’s creditors have essentially thrown up their hands in frustration at Greece’s refusal to implement reforms in return for bailout loans.
International Monetary Fund chief economist Olivier Blanchard has warned an exit from the Eurozone would be “very costly” for Greece,