Lake Erie Conservative

thoughtful discussion(s) about issue(s)

… Greece is Now in Real Trouble [#the Euro]…

Posted by paulfromwloh on Saturday,June 18th,2016

.. the I.M.F. walking out of talks is not good ..

.. but neither is giving Greece more debt in order to pay off previous debts . That just does not make any sense at all . Extending the maturities will not do enough …

.. [h/t — FinancialTimes.com]..
.. [link] to the blog article …

.. You have to reduce the amount of principal , and , if possible , the interest rates , as well . Greece does not really merit a reduction in the interest rates , though . The principal reduction should do the job ..

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