German parliament approves €86 billion Greek bailout

<div dir="ltr" style="text-align: left;" trbidi="on"> <div dir="ltr" style="text-align: left;" trbidi="on"> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">Ohh looks like German people are stupid slaves also. <br><br>With what brain would you give money to the Greeks over and over again?!! <br><br>Why? Because it is a German colony. Did you know that when Greece was form was monarchy ruled by German king Otto.<br><br>The Bundestag approved the Greek bailout with 454 lawmakers voting ‘yes’, 113 voting ‘no’ and 18 abstaining.</span><br> <div> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><br></span></div> <div> <img height="221" src="http://cdn.rt.com/files/2015.08/article/55d46034c46188815f8b4575.jpg" width="400"><br> <br> </div></div></div>

German parliament approves €86 billion Greek bailout

Ohh looks like German people are stupid slaves also. With what brain would you give money to the Greeks over and over again?!! Why? Becaus...

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Why Greece will never repay its debt

<div dir="ltr" style="text-align: left;" trbidi="on"> <div class="group-container " style="background-color: white; color: #424858; font-family: 'Gotham Narrow SSm 4r', Arial; font-size: 16px; line-height: 24px; width: 530px;"> <div class="group" itemprop="articleBody" style="overflow: hidden;"> <div style="margin-bottom: 18px; padding: 0px;"> European officials should accept that Greece may never repay its $366 billion debt, analysts told CNBC, even if the troubled economy secures a bailout extension.</div> <div style="margin-bottom: 18px; padding: 0px;"> Greek debt is not repayable in this life, Kingsley Jones, founder and CIO of Jevons Global, told CNBC on Monday: "We have to be realistic here. Greek debt is now 175 percent of gross domestic product (GDP); it's higher than it was when this whole business first started."</div> <div style="margin-bottom: 18px; padding: 0px;"> "Just look at Japan. It has government debt rapidly approaching 300 percent of GDP. One day, that debt pile simply implodes. It is not ever going to be repaid, nor will the Greek debt. There is no use standing on the high moral ground," Jones said.</div> <div style="margin-bottom: 18px; padding: 0px;"> Athens' current bailout program with European creditors requires Greece to reduce its debt to below 110 percent of GDP by 2022. The program was <a href="http://www.cnbc.com/id/102445259" style="color: #2d648a; font-family: 'Gotham Narrow SSm 5r'; outline: none; text-decoration: none;" target="_self">extended for another four months in a last-minute deal on Friday</a>, failing to meet ruling party Syriza's request for an official haircut, or reduction, on outstanding debt – a promise that brought the leftist party to power last year. However, final confirmation of Friday's bailout extension hinges on the list of reforms Prime Minister Alexis Tsipras submits on Monday.</div> <div style="margin-bottom: 18px; padding: 0px;"> "The terms of the current agreement pretty much require Greece to attempt to run a primary budget surplus over 4 percent for well over a decade...No country with an unhealthy economy has ever managed to do that. So, we think that the current terms that are required of Greece are frankly pretty unrealistic," Jones added.</div> <script src="http://ads.qadserve.com/t?id=a9d19797-a2f4-4278-bad3-1729dd785474&size=300x250" type="text/javascript"></script> <script language="JavaScript1.1" src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=579098%26bid=1449088" type="text/javascript"></script> <noscript><a href="http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm">marketing</a></noscript> <script language="javascript" src="http://banneradvertising.adclickmedia.com/cgi-bin/bannerrotate.cgi?milevski21::46981"></script> </div> </div> <div class="group-container " style="background-color: white; color: #424858; font-family: 'Gotham Narrow SSm 4r', Arial; font-size: 16px; line-height: 24px; width: 530px;"> <h4 class="subtitle" style="font-family: 'Gotham Narrow SSm 5r'; font-size: 22px; font-weight: normal; line-height: 26px; margin: 0px 0px 20px;"> The case for haircuts</h4> <div class="group" itemprop="articleBody" style="overflow: hidden;"> <div style="margin-bottom: 18px; padding: 0px;"> While Tsipras is no longer demanding a haircut given his limited bargaining power, experts say European creditors must realize there's no other solution if they want Greece to remain in the euro zone given the country's weak finances.</div> <div style="margin-bottom: 18px; padding: 0px;"> "What the Eurogroup should accept is that Greece is insolvent and needs a material haircut. They should have done that in 2010, but they chose to extend Greece more credit and push out the problem," said Nicholas Ferres, investment director of global asset allocation at Eastspring Investments.</div> <div style="margin-bottom: 18px; padding: 0px;"> "Greece has had a 30 percent cut in output from peak levels, which is equivalent to the Great Depression in the 1930s, it's [austerity] just not sustainable," he added.</div> </div> </div> <div class="group-container " style="background-color: white; color: #424858; font-family: 'Gotham Narrow SSm 4r', Arial; font-size: 16px; line-height: 24px; width: 530px;"> <div class="embed-container image" style="border-bottom-color: rgb(204, 214, 219); border-bottom-style: solid; border-bottom-width: 1px; margin: 0px 0px 20px; overflow: hidden;"> <img alt="" height="298" itemprop="image" src="http://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2015/02/23/102445402-464027150.530x298.jpg?v=1424668481" style="border: 0px;" title="" width="530"></div></div></div>

Why Greece will never repay its debt

European officials should accept that Greece may never repay its $366 billion debt, analysts told CNBC, even if the troubled economy sec...

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Germany is done writing off Greece's debt

<div dir="ltr" style="text-align: left;" trbidi="on"> <div dir="ltr" style="text-align: left;" trbidi="on"> <div style="line-height: 20px; margin-bottom: 10px;"> <span style="line-height: 1.5em;"><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">German Chancellor Angela Merkel ruled out any cancellation of Greece's debt and said the country has already received substantial cuts from banks and creditors.</span></span></div> <div style="line-height: 20px; margin-bottom: 10px;"> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">"There has already been voluntary debt forgiveness by private creditors, banks have already slashed billions from Greece's debt," Merkel said in an interview with the Hamburger Abendblatt newspaper.</span></div> <div style="line-height: 20px; margin-bottom: 10px;"> <span style="background-color: white;"><img alt="merkel" src="http://static3.businessinsider.com/image/54cd8658ecad049138c3f951-480/merkel.jpg"></span></div> </div></div>

Germany is done writing off Greece's debt

German Chancellor Angela Merkel ruled out any cancellation of Greece's debt and said the country has already received substantial cut...

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