{"id":8439,"date":"2015-05-25T05:36:54","date_gmt":"2015-05-25T10:36:54","guid":{"rendered":"http:\/\/olduvai.ca\/?p=8439"},"modified":"2015-05-25T05:36:54","modified_gmt":"2015-05-25T10:36:54","slug":"grexit-disaster-looms-as-greek-hospitals-run-out-of-sheets-painkillers","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=8439","title":{"rendered":"Grexit “Disaster” Looms As Greek Hospitals Run Out Of Sheets, Painkillers"},"content":{"rendered":"

Grexit “Disaster” Looms As Greek Hospitals Run Out Of Sheets, Painkillers<\/a><\/h3>\n

The default countdown is about to go under 10 days and it is becoming increasingly apparent that both Greece and its creditors have had enough.<\/p>\n

Months of tense negotiations have gone nowhere and yielded exactly nothing and it now looks like PM Alexis Tsipras and FinMin Yanis Varoufakis may be willing to miss a June 5 payment to the IMF if it means proving they are serious about keeping their campaign promises and forcing the troika to the bargaining table. The implications of a missed payment aren\u2019t entirely clear but Athens is keen to predict the worst as it tries to squeeze concessions from creditors.Bloomberg<\/a>\u00a0has more:<\/p>\n

\n
A day after Prime Minister Alexis Tsipras said Greek society can\u2019t absorb any more austerity measures, Finance Minister Yanis Varoufakis said his government has met the euro area and IMF three-quarters of the way, and that it\u2019s up to creditors to cover the remainder.<\/em><\/div>\n

\u201cGreece has made enormous strides reaching a deal, it is now up to the institutions to do their bit,\u201d Varoufakis said Sunday on BBC\u2019s Andrew Marr Show. \u201cIt is not in their interests as our creditors that the cow that produces the milk should be beaten into submission to the extent that the milk will not be enough for them to get their money back\u201d…<\/em><\/p>\n

German Finance Minister Wolfgang Schaeuble, meanwhile, signaled there isn\u2019t much wiggle room after Tsipras\u2019s government committed to policy changes in return for aid in a euro-area accord on Feb. 20.<\/em><\/p>\n

\u201cThat is the condition for completing the current program,\u201d Schaeuble said in a Deutschlandfunk radio interview aired Sunday. \u201cThe problems are rooted in Greece. And now Greece does have to fulfill its commitments.\u201d<\/em><\/p><\/blockquote>\n

 <\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

Grexit “Disaster” Looms As Greek Hospitals Run Out Of Sheets, Painkillers The default countdown is about to go under 10 days and it is becoming increasingly apparent that both Greece and its creditors have had enough. Months of tense negotiations have gone nowhere and yielded exactly nothing and it now looks like PM Alexis Tsipras […]<\/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],"tags":[2872,195,200,359,1167,2598,418,434,4128,2921],"class_list":["post-8439","post","type-post","status-publish","format-standard","hentry","category-economics","tag-alexis-tsipras","tag-debt","tag-default","tag-germany","tag-greece","tag-grexit","tag-imf","tag-international-monetary-fund","tag-wolfgang-schaeuble","tag-yanis-varoufakis"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8439","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=8439"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8439\/revisions"}],"predecessor-version":[{"id":8440,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8439\/revisions\/8440"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}