Greece’s creditors on Thursday issued their starkest warnings to Athens since the start of a five-month stand-off over the country’s soon-to-expire €172bn bailout, with the International Monetary Fund withdrawing its negotiating team and European leaders saying the time for compromise had ended. In a series of meeting in Brussels, Mr Tsipras was told his cash-strapped government must quickly decide whether to accede to more economic reforms or face bankruptcy. “We need decisions, not negotiations, now. It’s my opinion that the Greek government has to be, I think, a little more realistic,” said Donald Tusk, the European Council president, who met Mr Tsipras privately on Wednesday. “There’s no more space for gambling, there’s no more time for gambling. The day is coming, I’m afraid, where someone says the game is over.”
So it appears things are far more serious than the Telegraph is reporting, they are almost at a time when they will be offered a simple take it or leave it situation, with the ECB printing press already fired up I believe enough has already been done to minimise any damage a Grexit may have caused in the past...Varoufakis understands very well the type of individuals he is having to deal with from IMF, and I can assure you he will not give them an inch. He understands 'precisely' how nations such as Greece have ended up as heavily endebted as they have. I mean, it is not as if they are on their own for gods sake. Almost every nation on the face of planet earth is now in the same boat, so you cannot say that it has occurred by chance. In fact, going by the terrible state of the entire global financial system, one can only come to the inevitable conclusion that the situation we now find ourselves in was created on purpose. A system designed to benefit 'the few', at the expense of the many. I say "go on Greece, blow this stinking ship clean out of the water". Financially cripple the elites, do us all a big favor.
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