Greece, not again?

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What will ensue is a renewed battle after almost five months of trench warfare. The beleaguered country requires a third bailout of about 30 billion euros, according to Nomura International Plc analysts Lefteris Farmakis and Dimitris Drakopoulos. Tsipras says any aid must be on his terms rather than those of governments whose taxpayers have forked out billions in the past five years to keep Greece in the euro. “Any plausible deal at this stage is unlikely to do enough and it’s unlikely to be the end of the matter,” said Simon Tilford, deputy director of the Centre for European Reform in London. “This could just play out again and again.”

If You Think Greece’s Crisis Will End Any Time Soon, Think Again - Bloomberg Business

A split between German Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble is widening over Greece as the funding standoff goes down to the wire, said people familiar with the matter. Merkel is ready to make concessions to keep Greece in the euro because of geopolitical concerns, while Schaeuble is willing to let the country exit the euro unless its government takes measures to ensure the country’s long-term survival in the monetary union, said the people, who asked not be identified speaking about internal party discussions.

Merkel-Schaeuble Differences Over Greece Approach Said to Widen - Bloomberg Business

The virtual evaporation of sovereign spreads between the core and the periphery reflected the common illusion that a fragile design would be sufficient to support a functional monetary union. In July 2007, Greece could borrow for 10 years at 4.9 percent, only 20 basis points higher than Germany’s equivalent yield, despite very different inflation and fiscal outlooks.

How to Fix the Euro Area Without Breaking It | Economics | Bloomberg Professional

Chancellor Angela Merkel’s government may be satisfied with Greece committing to at least one economic reform sought by creditors to open the door to bailout funds, according to two people familiar with Germany’s position.

Germany to Consider Offering Tsipras Staggered Deal on Aid - Bloomberg Business