{"id":9470,"date":"2015-06-26T06:50:12","date_gmt":"2015-06-26T11:50:12","guid":{"rendered":"http:\/\/olduvai.ca\/?p=9470"},"modified":"2015-06-26T06:50:12","modified_gmt":"2015-06-26T11:50:12","slug":"troika-offers-greece-third-bailout-program-prepares-emergency-plan-if-no-deal","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=9470","title":{"rendered":"Troika Offers Greece Third Bailout Program, Prepares Emergency Plan If No Deal"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2015-06-26\/troika-offers-greece-third-bailout-program-prepares-emergency-plan-if-no-deal\" target=\"_blank\">Troika Offers Greece Third Bailout Program, Prepares Emergency Plan If No Deal<\/a><\/h3>\n<p>On the heels of Thursday&#8217;s failed Eurogroup meeting and heading into what is again being presented as an all or nothing, &#8220;Lehman weekend&#8221; for Greece and its creditors, reports suggest the troika has offered Greece a third bailout program:<\/p>\n<ul>\n<li>GREEK CREDITORS OFFER EU15.5B OVER NEXT 5 MONTHS: HANDELSBLATT<\/li>\n<li><strong>ECB, IMF, EU OFFER GREECE 3RD AID PROGRAM: HANDELSBLATT<\/strong><\/li>\n<li><strong>GREECE\u2019S CREDITORS PROPOSE EU15.5B TIED TO AID DEAL: OFFICIAL<\/strong><\/li>\n<\/ul>\n<p>Here are the details, according to Bloomberg (citing an unnamed EU official):<\/p>\n<blockquote>\n<div class=\"quote_start\"><em>EU creditor proposal foresees EU8.7b in EFSF funds: official<\/em><\/div>\n<p><em>Creditor proposal foresees EU3.3b in SMP profits: EU official<\/em><\/p>\n<p><em>Creditor proposal foresees EU3.5b in IMF funds: EU official<\/em><\/p><\/blockquote>\n<p>If true, this would mark a dramatic about-face for the IMF which\u00a0<a href=\"http:\/\/www.zerohedge.com\/news\/2015-05-12\/greece-effectively-defaults-imf-using-sdr-reserves-repay-fund-1-month-countdown-begi\">had suggested<\/a>\u00a0it would not be interested in participating in a third Greek program. Similary, lawmakers in Berlin\u00a0<a href=\"http:\/\/www.zerohedge.com\/news\/2015-06-11\/did-greeces-time-just-run-out\">have voiced their opposition<\/a>\u00a0to a third bailout program for Athens as the German public has grown tired of throwing money at the Greek &#8216;problem.&#8217;<\/p>\n<p>European finance ministers will meet again on Saturday. Angela Merkel, who met with Greek PM Alexis Tsipras and French President Francois Hollande on Friday, has indicated that a deal must be struck before the market opens on Monday. Here&#8217;s a bit of color from\u00a0<a href=\"http:\/\/www.reuters.com\/article\/2015\/06\/26\/eurozone-greece-france-germany-idUSL8N0ZC1NX20150626\">Reuters<\/a>:<\/p>\n<blockquote>\n<div class=\"quote_start\"><em>The leaders of Germany and France discussed extending Greece&#8217;s bailout programme and providing financing with Greek Prime Minister Alexis Tsipras on Friday on the eve of a decisive meeting of euro zone finance ministers, a French source said.<\/em><\/div>\n<\/blockquote>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n<blockquote><p><i>\u00a0<\/i><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Troika Offers Greece Third Bailout Program, Prepares Emergency Plan If No Deal On the heels of Thursday&#8217;s failed Eurogroup meeting and heading into what is again being presented as an all or nothing, &#8220;Lehman weekend&#8221; for Greece and its creditors, reports suggest the troika has offered Greece a third bailout program: GREEK CREDITORS OFFER EU15.5B [&hellip;]<\/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":[2872,1890,1622,6760,175,195,200,6759,279,284,334,1167,2598,418,434,2868,4318],"class_list":["post-9470","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-alexis-tsipras","tag-angela-merkel","tag-bail-out","tag-berlin","tag-credit","tag-debt","tag-default","tag-emergency-plan","tag-eu","tag-european-union","tag-francois-hollande","tag-greece","tag-grexit","tag-imf","tag-international-monetary-fund","tag-troika","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9470","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=9470"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9470\/revisions"}],"predecessor-version":[{"id":9471,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9470\/revisions\/9471"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}