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IPFS News Link • Economy - International

Germany Isolated as Greece Near €86 Billion Deal With Creditors; Ambitious Yes, Feasible No

• http://globaleconomicanalysis.blogspot.com

Even Greece-skeptic countries like Finland have shifted 180 degrees to become true believers in mathematical nonsense.

And after bitter fighting and infighting, Greece nears €86bn Accord with Creditors.

Significant concessions by Alexis Tsipras and his negotiators in the past month have encouraged other hawkish eurozone members such as Finland to break with Berlin, which wants to hold out longer to squeeze more reforms from Athens.

Even previously sceptical EU diplomats now say that a full agreement could be reached by the August 20 deadline, when Athens must make a €3.2bn debt repayment to the European Central Bank.

The cautious optimism contrasts sharply with the acrimony at last month's eurozone summit, which came close to ushering Greece out of the currency bloc before agreeing to negotiate a deal.


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