{"id":6949,"date":"2015-03-29T19:30:37","date_gmt":"2015-03-30T00:30:37","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6949"},"modified":"2015-03-29T19:30:37","modified_gmt":"2015-03-30T00:30:37","slug":"eurasian-pivot-moscow-expects-progress-from-tsipras-visit","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6949","title":{"rendered":"Eurasian Pivot? Moscow Expects “Progress” From Tsipras Visit"},"content":{"rendered":"

Eurasian Pivot? Moscow Expects “Progress” From Tsipras Visit<\/a><\/h3>\n

As Athens prepares to try and convince eurozone creditors that its latest set of proposed reforms represents a credible attempt to address Greece\u2019s fiscal crisis, and as Greek depositors face the very real possibility that they will soon be Cyprus\u2019d,\u00a0a leverage-less Alexis Tsipras faces a rather unpalatable choice: bow to the Troika which \u201cwants<\/a>\u00a0real reforms\u2026 meaning that Greece finally has to implement some\/any of the long ago promised and never delivered redundancies in the government sector,\u201d or to quote Credit Suisse, be \u201cdigitally bombed back to barter status.\u201d\u00a0<\/strong>Unfortunately for the Greek populace, the latter seems to be far more likely than the former. Here\u2019s\u00a0WSJ<\/a>:<\/p>\n

\n
Greek proposals for a revised bailout program don\u2019t have enough detail to satisfy the government\u2019s international creditors, eurozone officials said, making it more likely that Athens will need to go several more weeks without a new infusion of desperately-needed cash\u2026<\/em><\/div>\n

\u201cThe proposals were piecemeal, vague and the Greek colleagues could not explain technically what some of them actually implied,\u201d\u00a0<\/strong>a eurozone official said. \u201cSo, let\u2019s hope that they present something more competent next week.\u201d<\/em><\/p>\n

Senior eurozone finance officials will hold a teleconference on Wednesday to discuss the situation, officials said. But they said it is highly unlikely eurozone ministers will meet before mid-April to release more money for Greece. That means Athens will have to scrape together cash to pay salaries and pensions at the end of the month and make a \u20ac460 million debt repayment to the IMF on April 9.<\/em><\/p><\/blockquote>\n

As a reminder, here are two charts which demonstrate the urgency of the situation:<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Eurasian Pivot? Moscow Expects “Progress” From Tsipras Visit As Athens prepares to try and convince eurozone creditors that its latest set of proposed reforms represents a credible attempt to address Greece\u2019s fiscal crisis, and as Greek depositors face the very real possibility that they will soon be Cyprus\u2019d,\u00a0a leverage-less Alexis Tsipras faces a rather unpalatable […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[2872,2504,4513,195,200,2369,284,1167,418,434,694,2868],"class_list":["post-6949","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-alexis-tsipras","tag-athens","tag-credit-suisse","tag-debt","tag-default","tag-eurasia","tag-european-union","tag-greece","tag-imf","tag-international-monetary-fund","tag-russia","tag-troika"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6949"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6949\/revisions"}],"predecessor-version":[{"id":6950,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6949\/revisions\/6950"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}