Trying to leverage the uncertainty in Global markets against Germany’s Merkel’s hardline….
The Greek government is offering a short term economic relief plan…
While the media reported that the European Union would let the country sink on it’s own?
One HAD to know that the market drops in Euorpe and AMERICA menat that SOMETHING HAD to be done….
Greece’s government is considering a last-minute overture to its creditors in search of more favorable financing terms, as the country nears the expiration of its European bailout program on Tuesday night as well as a default on loan repayments to the International Monetary Fund.
Athens “is taking initiatives in order to end the impasse,” said one Greek official. “There is some movement,” another official said.
The discussions in Athens came as the European Commission confirmed on Tuesday that its president, Jean-Claude Juncker, had approached Greek Prime Minister Alexis Tsipras on Monday night about a marginally sweetened financing offer that would require the Greek government to campaign in favor of creditors’ demands in the country’s July 5 bailout referendum, a commission spokesman said….
More…..from a WSJ paywall piece
The American markets have already begun to recover with the talk of a possible last minute deal…