Skip to main content

EU Officials Aren't Going To Sugarcoat It: This Greece Nightmare Will Never End

At least not any time soon.
  • Author:
  • Updated:

If you pay close attention, you can see said officials blinking out "Help us. You have no idea what it's like in there" in code.

Greece’s negotiations with international creditors are going very slowly and are nowhere near the point where bailout money can be disbursed, a senior European Union official said. The Greek government has complained that it will soon run out of cash if no bailout money is disbursed, a development that would raise the prospect of a default on its debt and even an exit from the euro. “Currently, there is some progress but unfortunately those negotiations were in for a slow start, time is short and there is a lot of ground to be covered,” Valdis Dombrovskis, Vice-President of the European Commission in charge of euro and social dialogue said.

EU Says Talks With Greece Over Bailout are Nowhere Near Resolution [WSJ]


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.

Greece Doesn't Need You!

Greece doesn't need any of you! Greece's finance minister on Thursday denied a report citing the country's representative to the IMF as saying Athens would need a third bailout package. The euro weakened against the dollar on the report, which was later also denied by the official quoted in the article and came as international inspectors are mulling handing over the next tranche of Greece's second aid package. "The country's positions are formulated by the Prime Minister and the Finance Minister," Greek Finance Minister Yannis Stournaras told Reuters in response to the Dow Jones/Wall Street Journal report. The article quoted Thanos Catsambas, Alternate Executive Director at the IMF Executive Board representing Greece, as saying the country would need a third bailout from European creditors. It also reported Greece could not bridge a funding gap and had met only 22 percent of targets for the second bailout...Catsambas issued a statement saying the article included "at least three important inaccuracies". [Reuters]

Eurozone FinMins Give Greece Another 4 Months To Get Its Life Together

Not everyone is convinced the time won't be squandered.

Creditors Not Done Shoving A Hot Poker Up Greece's Ass

When Germany says 'bend over,' you say 'how far'.

Paul Singer: Greece Did It To Itself

The hedge fund manager is very broken up about this Greek tragedy.