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E.U. Urged to Plan for Greece to Default
BRUSSELS — A chorus of voices on Monday called on European Union authorities to plan for Greece to default on its huge pile of debt after bailout talks between Athens and its creditors deteriorated over the weekend.
Some senior politicians and policy makers from Germany were among the most outspoken, with one warning of the need for a “state of emergency” to handle the potential fallout from a failure to reach a deal with the Greek government.
The impasse over the debt talks exposed the wide gap between Greece and its creditors — other eurozone countries, the European Central Bank and the International Monetary Fund. The two sides are deadlocked over what steps Greece must take to overhaul its economy, particularly regarding its pension system and budget surplus …. http://www.nytimes.com
Source: http://luismmx.blogspot.com/2015/06/eu-urged-to-plan-for-greece-to-default.html
