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Greece Won’t Back Down (Until It Does)

Just an FYI.
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And, tough talk and Nazi references aside, it has.

The plan will include the possibility of tapping part of a bailout loan disbursement of 7 billion euros, or $7.9 billion, that Athens had been saying it would reject…

Greece still plans to reject some of the harshest austerity conditions attached to Greece’s bailout loans, but will propose retaining about 70 percent of the terms, according to the official….

The apparent reversal of that position on Monday comes as Greece is running low on cash as well as time to pay off a looming series of debts. The official said Greece would also ask its European Union partners on Wednesday for the right to issue about €8 billion of further short-term debt above a current €15 billion limit.

Greece to Propose a Debt Compromise Plan to Creditors [NYT]


By Carole Raddato from FRANKFURT, Germany [CC BY-SA 2.0], via Wikimedia Commons

Groundhog Day In Greece

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Greece Jotted Down Some Notes On The Back Of A Cocktail Napkin And Submitted It To Us: EU

Officials are *not* happy with the work Greece has turned in re: its plan.

(Getty Images)

SEC Says Funhouse Accounting OK Until It Figures Out Its Own New Rules

You can probably just forget about them until at least Jan. 20, 2021.

Games Of Chance And Chicken In Greece

Somewhere, a bald man in a loud shirt is revving his motorcycle in a statement of protest...and respect.