EU Makes Greece ‘An Offer They Can’t Refuse’: Agree To A Deal By Sunday Or Go Bankrupt
By Michael Snyder
EndOfTheAmericanDream.com
July 7th, 2015
It looks like we aren’t going to have to wait much longer to see if Greece remains part of the eurozone or not. Instead of softening their demands in the wake of the Greek referendum, European leaders have given the Greek government an ultimatum. On Tuesday night, EU officials gave Greece a deadline of Thursday to submit a new proposal and a deadline of Sunday for agreeing to a deal. If a deal is not reached on Sunday, all aid to Greece will be cut off and the nation will be faced with financial oblivion and a forced exit from the common currency. But Angela Merkel has already made it abundantly clear that any new deal will not include a debt haircut – one of the key things that the Greek government wanted. If a deal is actually made, it is almost certainly going to look very much like what Greece’s creditors have been offering all along. Needless to say, this is precisely what the Greek people just voted against, but the pressure on Greek leadership is immense at this point. In essence, they are being given “an offer they can’t refuse”. So will the Greek government buckle under this mobster-like intimidation?
First, let’s watch what happens on Wednesday and Thursday. The Greeks are being told that they better submit a “workable proposal” by the end of the day on Thursday or else. The following comes from a BBC report…
The eurozone has given Greece until Thursday to present new proposals to secure a deal with creditors, and has called a full EU summit for Sunday.
European Council President Donald Tusk said this was now the “most critical moment in the history of the eurozone“.
“The final deadline ends this week,” he said after emergency talks in Brussels.
The Rest…HERE
