Germany upped the ante, calling Greece’s Letter Requesting Extra Time a “Trojan Horse” and instead demanded a three sentence letter accepting all Trioika demands.
Official request for an extension
Promise to complete the current programme
Commit to negotiating any changes with bailout monitors
I have a simple question: What’s left to negotiate other than how big a capital surplus Greece must have and for how long.
And those, Germany wants a Greek capital account surplus of 3.5% this year, and 4.5% next year and the following years.
Athens wants 1.5%. Any room for serious negotiation here?
I rather doubt it.
Source Article from http://www.freedomsphoenix.com/News/171320-2015-02-20-head-on-collision-germany-rejects-greece-trojan-horse-slovakia-rules.htm?EdNo=001&From=RSS
Head-On Collision: Germany Rejects Greece "Trojan Horse"; Slovakia Rules Out Further Aid
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