Greek Deal In Sight As Germany Bows To Huge Global Pressure For Debt Relief
By Ambrose Evans-Pritchard, Mehreen Khan, July, 2015, Telegraph
Germany is at last bowing to pressure as a chorus of countries and key institutions demand debt relief for Greece, a shift that could break the five-month stalemate and avert a potentially disastrous rupture of monetary union at this Sunday’s last-ditch summit.
In a highly significant move, the European Council has called on both sides to make major concessions, insisting that the creditor powers must do their part as the radical Syriza government puts forward a new raft of proposals on economic reforms before a deadline expires tonight.
“The realistic proposal from Greece will have to be matched by an equally realistic proposal on debt sustainability from the creditors,” said Donald Tusk, the European Council president.
Read More: http://www.telegraph.co.uk
Join us - become an Elderado today at: LarryElder.com
Follow Larry Elder on Twitter
"Like" Larry Elder on Facebook
