Greek tragedy turned up a notch

Greek tragedy turned up a notch

Greek tragedy turned up a notch Greek Finance Minister Yanis Varoufakis told media in Athens Tuesday that it will not meet its midnight deadline to repay 1.6 billion euros to the IMF.

The head of the European Commission, Jean-Claude Juncker, is said to have made a last minute-offer to Greek Prime Minister Alexis Tsipras on a bailout deal that he’d previously rejected.

On Sunday the country is set to vote on whether it should stay with the euro or not.

WP spoke to Dimitris Kagialaris, President of Toronto-based Ermis Associates, a firm dedicated to representing the interests of Greek-Canadians in Greece, about the current situation in Athens. Kagialaris was quite sanguine about what’s happening overseas.

“Our clients right now are not acting on the latest news as things still remain in flux,” Kagialaris said. “Until more information is known we are recommending that our clients move cautiously regarding events in Greece.”
  • Niki 2015-06-30 12:37:57 PM
    An optimistic view may well be that it cannot get any better than this, while a pessmistic view would be that it has never been worse. Having said that--the rest of Europe is in a much better place than when the recent last three years "Greek tragedy" started. Actually I find it really difficult to say that it is a tragedy as such--seems to me that those in positions of authority as well as those in the positions to vote those authorities in, brought it on themselves. A child loses the right to complain that he an orphan after killing his parents. I feel for the diaspora Greeks, I really do--however most were not there to stop what seems to have become the inevitable. If I had to guess what the outcome might be, I would plan for the worst and hope for the best.
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  • Andrewski 2015-06-30 3:29:42 PM
    Come on MSM, give us a break. Greece has a population of only 11 million people & their GDP is around .39% of the world's output, but of course economically, "the sky is falling"!
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