No Surprise, Greece was threatened by the Eurogroup and No Deal was reached.
OK, the important deadline-meeting broke apart Monday, after only 3 hours, without a deal.
After the Eurogroup with Jeroen Dijsselbloem created the threat that the Monday meeting must offer a deal that would meet the deadline for the ECB to vote on it, it is now unclear how the Eurogroup will increase their threats on the Greek government that is not moved by such threats.
Indeed we are concerned that sponsored terror or assassinations could befall the Greeks…
Greek Finance Minister Explains Why Debt Renegotiation Failed
Published on Feb 16, 2015
Yanis Varoufakis explains why talks aimed at renegotiating Greece’s debt broke down without an agreement.
EU talks tough to Greece after debt talks collapse
I do not wish to focus on the Greek Debt Crisis and possible exit from the EU as a daily soapbox drama series, thus I may not be discussing Greece much until after some important deadlines have expired. Be aware of these 2015 dates:
February 28: Greece’s bailout agreement with the eurozone expires. In December, eurozone ministers agreed to extend the European portion of the EU-IMF rescue by two months from the end of 2014.
July 20: Greece faces a huge repayment to the ECB of 3.5 billion euros. According to several analysts, Greece can survive without a backstop until this date, as long as the ECB keeps some level liquidity available to Greece’s banks, but afterwards it faces a default.
August 20: Athens owes the ECB another 3.2 billion euros.