Loans and Finance

Loans and Finance

Text

News and information about loans, money, debt, finance and business issues.

Friday, May 22, 2015

Greece's Open Issues

The wave of hyped, fake optimism exuded by Tsipras about a deal soon being reached between Greece and the Troika has of course been well and truly quashed.

Merkel has said that further work needs to be done with the Troika. As noted before, Merkel has in the past told Tsipras that it is not in her gift to disburse funds nor to persuade the Troika to do a deal.

Quite why Tsipras doesn't understand that is beyond me.

For the record the "open issues", as Bloomberg describes them, between the Troika and Greece include:

- Pensions
- Vat
- Targets for a primary budget surplus

These issues will never be closed; because Greece has neither the intention, nor the ability, to resolve them!

No comments:

Post a Comment