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Eurozone leaders remain divided on fate of Greece; Russia is ready to help

Sunday, July 12, 2015 18:57
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(Before It's News)

▶ Eurozone leaders remain divided on fate of Greece – YouTube


Eurozone leaders remain divided on the fate of Greece. While most of the
countries say they will try their best to keep Greece inside the
eurozone, Germany continues with its tough line on the debt-ridden

Merkel added that advantages should outweigh disadvantages
in any possible deal, and that’s a principle that should be observed
under any circumstances. The President of the European Commission,
Jean-Claude Juncker has said countries will fight until the very last
moments to strike a deal that would keep Greece in the financial
alliance. Other leaders echoed Juncker’s stance upon arrival in
Brussels. Greek Prime minister Alexis Tsipras also believes a deal on
Greece’s bailout program will be possible if all parties want it.

Russia Readies Fuel Deliveries To Athens, Will Support Greek “Economic Revival”

…Now, that contention will be put to the test as Greece faces the prospect of a “swift time-out
from the eurozone if PM Alexis Tsipras can’t convince parliament to
agree to a new term sheet from creditors which seeks the implementation
of a number of draconian measures in exchange for a third bailout. Of course, as we noted
earlier today, a “time-out” is a polite way of saying “get the hell
out,” and in the event of a messy exit and forced redenomination, an
acute cash and credit crunch will likely mean a shortage of critical
imports and, in short order, a humanitarian crisis.

Given the mood in Brussels over the weekend, Greece could be forgiven
for not putting much faith in Jean Claude-Juncker’s “humanitarian
plan”, but that’s ok because as AFP reports, Russia is ready to help…..


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