Wednesday, February 15, 2012

European Creditors on The Merits of Allowing Athens to Go Bankrupt

Eurozone debt crisis short update, we reported EU moves on Greek debt swap Eurozone finance ministry officials look to begin €200bn debt restructuring without approving a new bail-out for Athens

True action declare by EU divisions threaten aid for Greece Fight grows among European creditors on the merits of allowing Athens to go bankrupt, of course this could be worsens

Meanwhile, France and the UK were named among 12 non-bail-out countries whose economies will be subject to investigation by the European Union for depth investigation

By the way, Leftwing leader snubs Greek bail-out, Athen should opt for a full-scale default, and recommend to take the 'bold step' of readopting the drachma, says Alexis Tsipras

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