Fear Grows in Greece as Decisive Hour Nears

by MATINA STEVIS in Athens and GABRIELE STEINHAUSER in Brussels | The Wall Street Journal  |  published on July 9, 2015

BN-JH573_0708GR_M_20150708192133Greece requested a new three-year bailout from its skeptical eurozone creditors and pledged some economic overhauls on Wednesday, but the euphoria some Greeks felt after Sunday’s “no” vote on the last deal was fading fast.

Whether European leaders accept the Greek government’s application for more emergency loans at a crisis summit Sunday still depends on Prime Minister Alexis Tsipras making a drastic turnaround on pension cuts, tax increases and other austerity measures after five months of often-acrimonious negotiations.

“The actual examination can only begin once the full package has been put on the table,” said a spokesman for German Finance Minister Wolfgang Schäuble, who has pushed a hard line on Greece and made clear that Germany is prepared for a potential Greek exit from the eurozone.

  • Crash777

    What happens when you run out of other people’s money? Greece just did and we’re about to see what happens.

  • Bob Stewart

    John Travolta should film a new Musical called “Greece.” It could be about government policy and destroying a country with the help of young people who have no prospects in life and exist in a philosophical bubble called socialism.

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