Greek FinMin Varoufakis: Says IMF Proposal Is ‘Music To His Ears’
-Greek Debt Is Unsustainable
$EURUSD
— Live Squawk (@livesquawk) July 3, 2015
Music or not, Greek banks are down to their last Euro500M. The emergency is now, not in the months it will take to negotiate/approve (if at all) a Euro50BN bailout and debt restructure!
Friday, July 03, 2015
Greece Is Fucked
The IMF has said that Greece needs another Euro50BN bailout, and that the debt is unsustainable and will need to be restructured.
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