Greece: Eurozone refuses bailout extension, bankruptcy imminent

[KorpiklaaniVodka]

https://www.bbc.com/news/world-europe-33300543

 

[Ivysaur]

The ECB is going to continue the emergency funds for the Greek banks and I do hope that, if it comes to worse (bankrupcy, Greece leaving the Euro), it doesn't happen in a "catastrophe" sort of way, or else all the safety walls built around the continental economy these years are going to be under very heavy fire.

Maybe I should exchange some of my savings for pounds...

 

[OmegaRuby and AlphaSapphire]

The ECB is going to continue the emergency funds for the Greek banks and I do hope that, if it comes to worse (bankrupcy, Greece leaving the Euro), it doesn't happen in a "catastrophe" sort of way, or else all the safety walls built around the continental economy these years are going to be under very heavy fire.

Maybe I should exchange some of my savings for pounds...

I think it's a good idea to have a part of one's savings in other currency or in gold or silver in case anything wild ever happens.

 

[Ivysaur]

So someone decided to make a Greek Debt Fund in Indiegogo. It was well over 150,000€ before the worldwide interest just crashed their servers: https://www.indiegogo.com/projects/greek-bailout-fund

Not likely to hit 1.6bn before midnight, but hey.

 

[Her]

https://www.ibtimes.com/greece-debt...ng-germanys-far-reaching-list-demands-2004778

Greek and German leaders gathered this weekend for an emergency summit hoping to hammer out a framework for an agreement that could lead to Europe providing Greece with economic support, but only after Athens agrees to several far-reaching demands that would essentially cause it to give up its fiscal sovereignty. Those demands include selling more than $50 billion worth of Greek state assets, passing numerous measures by July 15, and agreeing to tough conditions on pensions and taxation, the New York Times reported.

"What is at play here is an attempt to humiliate Greece and Greeks, or to overthrow the Tsipras government," Dimitrios Papadimoulis, vice president of the European Parliament and member of Greece's ruling Syriza party, told Mega TV, according to Ekathimerini.com.

So there's now talk all over both social media and worldwide media of how Germany is going out of its way to humiliate Greece in order to get what they want. The shit just keeps hitting the fan and has no sign of stopping.

 

[S-MAN]

Who thinks Greece should support and declare itself independent of the eu? What does it mean for the euro if no adequate deal can be made and what does that mean to the rest of the world? The failure of the euro + slow decline in relationships in the eu zone?