Posted on 08/08/2015 6:55:41 PM PDT by Lorianne
Greece is on track to complete a draft deal with international creditors on a third bailout by next Tuesday with a possible first disbursement by Aug. 20, a source familiar with a conference call of senior EU finance officials on Friday said.
Talks are proceeding smoothly and may be completed over the weekend, the source said. If a draft memorandum of understanding and an updated debt sustainability analysis are ready as planned on Tuesday, the Greek government and parliament would be expected to approve them by Thursday.
Euro zone finance ministers could then meet or hold a teleconference on Friday to endorse an up to 86 billion euro three-year loan programme for Athens, the source said.
(Excerpt) Read more at uk.reuters.com ...
....and the band played on...
Those Greeks have a pretty good racket going. It’s just like the old adage, if you owe the bank $1,000 and you can’t pay it, you are in trouble; if you owe the bank $10,000,000, they are in trouble.
“Greece is on track to complete a draft deal with international creditors on a third bailout by next Tuesday”
Insanity: doing the same thing over and over again and expecting different results.
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