I suppose it was about 2 hours ago that I pointed out the inherent contradiction in the Reuters story that Greece was close to concluding debt restructuring negotiations as early as tomorrow.
More Disinformation on the Greek Debt Restructurin...
Sure enough, the sewing circle is back in full swing, nothing against the Greeks personally, but they are a little difficult to depend on.
Business Insider reports:
Emergency Meeting Called In Greece, New Sign Bailout May Be In Trouble
And the Guardian UK reports the same...
Prime minister Lucas Papademos calls crisis meeting to ask backers for further concessions after 'tough and honest' discussions in Brussels and Frankfurt
Greek officials launched a vociferous behind the scenes attack onEuropean Union and International Monetary Fund negotiators as talks in Athens over the country's mounting debts appeared to stall.
Prime minister Lucas Papademos told aides that a crisis meeting of party leaders would be called as early as Thursday to thrash out a response to an increasingly intransigent negotiating team sent by Brussels, which is demanding severe austerity measures before sanctioning a further €130bn (£109bn) of bailout funds.
The Key take away, instead of Wednesday, now an emergency meeting is set as EARLY as Thursday and why? An increasingly intransigent negotiating team sent by Brussels
That would be the ECB and Central banks mentioned in the earlier post.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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