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Europe
Tsipras tells Merkel 'impossible' to repay debt without EU aid
2015-03-24
[Hurriyet Daily News] Greece's Prime Minister Alexis Tsipras has warned German Chancellor Angela Merkel
...current chancellor of Germany. She was educated in East Germany when is was still run by commies, but in 1989 got involved with the growing democracy movement when the Berlin Wall fell. Merkel is sometimes referred to by Germans as Mom...
in a letter that Athens will not be able to service its debt without financial help from the EU, the Greek government revealed on March 23.

Greek government front man Gabriel Sakellaridis confirmed a report in the Financial Times which said that Tsipras had written to Merkel.

But he insisted that the letter should not be seen as a "threat".

"This is not a threat, it is reality," Sakellaridis told Mega TV, adding that Tsipras had sent a similar letter to French President Francois Hollande
...the Socialist president of La Belle France, an economic bad joke for la Belle France but seemingly a foreign policy realist...
and European Commission chief Jean-Claude Juncker.

"The letter said nothing less and nothing more than what we have said since last week ... that liquidity is tight and that political initiatives must be taken," the front man said.

The FT said it has a copy of a letter dated March 15 in which Tsipras "warns that his government will be forced to choose between paying off loans, owed primarily to the International Monetary Fund, or continue social spending."

"With this letter, I am urging you not to allow a small cash flow issue, and a certain 'institutional inertia', to not turn into a large problem for Greece and for Europe," Tsipras wrote.

Sakellaridis said the letter prompted a mini-summit between Tsipras, Merkel, Hollande and Juncker with European Central Bank chief Mario Draghi and European Council chief Donald Tusk last week.
Posted by:Fred

#5  Both GREECE + RUSSIA are seemingly competing for leadership of Eastern Orthdox Christianity = Eastern Europe whilst at the same time both countries are repor mucho or excessively dep deep Deep DEEP D-E-E-P IN THE RED.

To paraph the late great WARD BOND from JOHN WAYNE'S CLASSIC "THE SEARCHERS = "D *** NG IT, DEEP, DEEP - SPELLED D-I-I-P/D-Y-E-P - DEEP"!
Posted by: JosephMendiola   2015-03-24 23:44  

#4  Merkel warned Greece to run out of cash or money on or about April 20th of this year.
Posted by: JosephMendiola   2015-03-24 23:38  

#3  The J. Wellington Wimpy model.
Posted by: Alaska Paul   2015-03-24 09:55  

#2  ..so the GM bailout model?
Posted by: Procopius2k   2015-03-24 08:24  

#1  "Give me the money to pay you back for that loan I still owe you"
Posted by: Frank G   2015-03-24 07:21  

00:00