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Will the new Prime Minister of Greece blink, will the troika blink, or will Greece exit EU? what do you think?

Posted on | February 14, 2015 | 1 Comment

Greece, creditors lay ground for last-ditch meeting

Greece has begun tough negotiations with its creditors as hopes rise that a make-or-break meeting next week could reach a deal on the new government’s demands to overhaul its huge international bailout. The technical talks in Brussels Friday came a

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Comments

One Response to “Will the new Prime Minister of Greece blink, will the troika blink, or will Greece exit EU? what do you think?”

  1. Paul Marko
    February 14th, 2015 @ 9:41 am

    Tsiperas will probably negotiate a loan extension by accepting some, but not all economic reforms to save face. Otherwise Greek banks wouldn’t be able to use their EU bonds to back loans and would have to rely on the Greek Central bank. It in turn would have to print money like our Fed does. Only problem, they’re not the world’s reserve currency and would wind up with Venezuelan inflation. Of course, if Tsiperas has the same patriotic attitude as Obama, he wouldn’t care.

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