Re:Greeks Reject Bailout Terms
by tptacek on Sunday July 05, 2015 @09:12PM
(#9836025)
I don't understand. Aren't the terms the Greeks are negotiating over additional financing from the EC, ECB, and IMF?
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He has a point actually :-) Varoufakis does not accept the 7.2 billion of "aid" under current conditions because he believes that Greece has an insolvency problem and not a liquidity problem.
The current hovernment wants to add at least 30% debt reatructuring (which Germany says it s off the table) and pay back only when reasonable primary surpluss has been achieved.