Friday, February 06, 2015

Greece: We will not take any more money with strings attached from the European Union and the International Monetary Fund

(Reuters) - Greece's new leftist-led government, said on Friday it wanted no more bailout money with strings attached from the European Union and International Monetary Fund.

Instead, a government official said, it wanted authority from the euro zone to issue more short-term debt, and to receive profits that the European Central Bank and other central banks have gained from holding Greek bonds.

The Athens official made clear that the new government, which came to power on a wave of anti-austerity anger in elections last month, now wanted to forego remaining bailout money that had austerity strings attached:

"Greece is not asking for the remaining tranches of the current bailout program - except the 1.9 billion euros that the ECB and the EU member states' central banks must return."

Prime Minister Alexis Tsipras will deliver a policy speech to parliament on Sunday and seek a vote of confidence on Tuesday, which he is likely to win easily.

JG: Greece has effectively told them: GO AND FUCK YOURSELVES!

Update: February 7, 2015: The prospect of a Greek exit from the single currency bloc. (Reuters)


No comments: