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Worse yet to come in Greece's debt repayment calendar

2015-07-01 6 Dailymotion

As there are signs the Greek government is in the middle of an embarrasing debt climbdown, there are few signs it will be rewarded with fresh offers of help.<br /><br /> A feeling of there being no sense throwing good money after bad appears to be taking hold among Greece’s Eurozone partners. It bodes ill for the future.<br /><br /> “Germans and the Europeans, but principally the Germans have bailed out Greece. Their taxpayers are tired of bailing out anybody. A failed state inside within the eurozone would send a message to the other members of the eurozone that they have to clean up their acts more. That’s a dangerous game of chicken,” says Sonecon’s Robert Shapiro.<br /><br /> In July the screw turns even further on Greece’s finances with three debt repayments totaling nearly seven billion euros, which today looks like an unscaleable mountain. A default on these payments would be far more serious.<br /><br /> Capital controls have been in place on Greek banks since the weekend after tens of billions of euros flowed out of

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