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Tuesday, 07/07/2015 4:25:35 PM

Tuesday, July 07, 2015 4:25:35 PM

Post# of 19165
Just a little light..maybe...


The Wall Street Journal has a good take on the emergency financing that eurozone leaders have been discussing tonight:



Greek Prime Minister Alexis Tsipras came to a meeting of eurozone leaders in Brussels with a proposal for interim financing until the end of the month, a senior Greek government official said.

“In return, Greece will pass some of the overhauls demanded by the country’s international creditors, the official said, adding that Greece remained open to other ideas for “a big viable solution.”

France, which has been Greece’s biggest eurozone ally, is pushing for a deal in which Athens accepts and passes the budgetary measures—with limited changes—that were in the plan that was rejected by Greek voters in their referendum Sunday.

Greece would then receive immediate financing and the prospect of a future restructuring of its debt, a senior French official said....

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