Nobel Prize-winning economist Paul Krugman fears Greece could accidentally be forced out of the Eurozone and bring down the bloc.
Deputy Prime Minister Yiannis Dragasakis said Greece has some red lines it won’t cross in stalled talks with international lenders as money is running out.
Ignoring repeated deadlines and predictions of disaster, Greece and its international lenders say they’re making ground in stalled reform talks.
With Greece locked in stalled talks with international lenders and refusing to impose reforms, Spanish Economy Minister Luis de Guindos issued a warning.
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.