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Friday, July 24, 2015

Third Greek Bailout Causing Fractures

As the third bailout negotiations are set to begin in Athens, there are rumours of a SYRIZA split. Unsurprisingly, the Germans are none to happy about things either.

Additionally, as if things were not bad enough, people are not best pleased about providing Greece with a second bridging loan (as bailout negotiations are unlikely to be concluded - positively or negatively - before December).

For why?

A complete and utter lack of trust!

As per MNI, a top Commission source said the idea of more bridge financing for Greece was "not finding fertile ground among many Eurogroup members."

That's putting it mildly!

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