02-24-2015, 11:22 PM
Greek leaders scrambled on Sunday to come up with a list of proposed changes to the nation’s austerity program that would be acceptable to their creditors by a Monday deadline, even as they faced a revolt by members of their own radical-left party, angered that the government had bent to demands by Brussels.
Greek Leaders Face Revolt at Home as They Try to Appease Creditors - NYTimes.com
High in a Morgan Stanley office tower, Paul B. Kazarian, one of the largest holders of Greek government bonds, was recently trying to persuade a room full of investors that Greece’s debt load of 318 billion euros was actually a tenth that size.
Greek Debt Vastly Overstated, Investor Tells the World - NYTimes.com
There’s almost no upside to a eurocrisis. You become part of a rolling maul of politicians, journalists and economists ripping and gouging at each other, both in private and on Twitter. The only advantage of being there is that it forces you to think laterally about money. Soon – if the Greek crisis is not resolved – one of the most audacious pieces of lateral thinking ever could get a try-out: a parallel digital currency, issued by the Greek government, modelled on Bitcoin, but with a crucial difference.
The European Commission said that it had reviewed the Greek government’s reform proposals and found them “sufficiently comprehensive” to work toward a conclusion of the country’s current bailout program.
EU Commission Tells Eurogroup Greek List Is Comprehensive - Bloomberg Business