torchthebitch
Soothing jacuzzi bath
- Joined
- Nov 16, 2006
- Posts
- 15,972
Do they really think that the Greek people will acquiesce?
Read more: http://www.dailymail.co.uk/news/art...ek-budget-return-bail-cash.html#ixzz1kn4zmHY8
In other words, Greece can only pay its government employees after it has paid foreign lenders. I really can't see the Greek people agreeing, no matter what the (EU imposed technocrat) Premier says.
Under the proposal, Athens would only be allowed to carry out normal state spending after servicing its debt. Creditors could be assured that defaults would not occur in future.
'If a future (bail-out) tranche is not disbursed, Greece cannot threaten its lenders with a default, but will instead have to accept further cuts in primary expenditures as the only possible consequence of any non-disbursement,' the Financial Times quotes the document as saying.
Read more: http://www.dailymail.co.uk/news/art...ek-budget-return-bail-cash.html#ixzz1kn4zmHY8
In other words, Greece can only pay its government employees after it has paid foreign lenders. I really can't see the Greek people agreeing, no matter what the (EU imposed technocrat) Premier says.