06-18-2015, 10:41 PM
Hard though it is to believe sometimes, Alexis Tsipras does want to strike a deal. The increasingly abrasive language used by the Greek prime minister is a front for a politician who still thinks it is possible to negotiate his way out of the sticky situation he finds himself in.
Tsipras does want a deal, as the alternative is unthinkable | World news | The Guardian
With all the drama in the eurozone, there's been no shortage of Greece-related questions for Wall Street's luminaries. Below is a round-up of what the big investors and banking luminaries have been saying . The takeaway; Wall Street seems pretty sanguine when it comes to Greece -- perhaps surprisingly so.
Here's What the Smartest People on Wall Street Are Saying About Greece - Bloomberg Business
Greece has said it will default on a 1.6 billion euro debt repayment due to the International Monetary Fund on June 30 unless it receives new funds from its creditors by then, in a move that could set off a chain of events that might eventually pitch Athens out of the euro zone.
Factbox: What happens next if Greece defaults on IMF? - Yahoo Finance
Suppose that Tsipras capitulated, and that he was able somehow to stay in power long enough to keep his promises -- or that the successor government was reliably conservative on fiscal policy. Would this be sufficient to put Greek public finances on the path to sustainability? The sustainability of Greek debt, you may recall, is Europe's main purpose in all this. The answer is no, it wouldn't -- and my authority here is the International Monetary Fund, one of Greece's main creditors and partner of the European Commission and European Central Bank in what used to be called the troika. The fund's chief economist, Olivier Blanchard, published an article on Sunday which said that for the new budget targets to achieve sustainability, significant new financing and debt relief would also be needed. But Europe won't discuss debt relief until Greece has put its public finances on a sustainable footing.
Europe Asks the Impossible of Greece - Bloomberg View
Tsipras already said he wouldn’t hesitate to reject the final deal offered by the Eurogroup and now even the central bank in Athens has released a remarkable statement. It says that it’s unthinkable Greece will stay in the European Union if no new agreement can be reached. That’s an obvious conclusion, but it’s surprising to see an official institution of Greece openly talk about a Grexit.
Greek Central Bank: "Greece will leave the European Union" | Zero Hedge

