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Thursday, 05/07/2015 8:09:11 PM

Thursday, May 07, 2015 8:09:11 PM

Post# of 1856
Sadly, if there is a GREXIT where will the POG go?

http://www.bbc.com/news/world-europe-32630338

"...Athens seeks a deal on more financial aid ahead of a meeting of eurozone finance ministers on Monday.

Greece is running out of money as it has to pay €750m ($845m; £555m) to the International Monetary Fund on 12 May.

International creditors have demanded cuts in spending, including plans to trim the civil service and privatisation of state assets, in order for Greece to continue receiving loans.

'Red lines'

On Thursday, the Greek parliament adopted a bill to rehire school guards, cleaning ladies and civil servants who lost their jobs or were earmarked for dismissal under the the austerity programme...."

Germany has some serious financial issues... It runs out of cash ...

http://www.express.co.uk/finance/city/575598/Amid-Greece-debt-crisis-now-GERMANY-runs-out-of-cash-as-strikes-trigger-crisis


Quote: "...Greece will stick to its "red-line" promises to its electorate and not make concessions in its negotiations with creditors, says a government spokesman.

Gabriel Sakellaridis said at a press conference in Athens that labour and pension issues are non negotiable.
"We won't go beyond the limits of our red lines. It's clear that we cannot cut pensions."

Talks with the International Monetary Fund (IMF) and the European Union (EU) will continue over the weekend. ..."

http://www.bbc.com/news/business-32625968