Not helping the euro’s cause this morning
- the heads of the troika will depart today from Athens, a day sooner than expected having failed to come to an agreement with the Greek side on any of the major unresolved issues.
- a meeting at the Ministry of Finance this morning was indicative of the Troika’s frustration, where both sides were unable to agree on the critical red loans settlements.
- Troika unable to come to an agreement on a mutual solution for debt, insurance and bank debts
it is not the creditors’ fault, but rather the bad planning and misunderstandings of the Ministries
- The troika demanded a mutual solution for all household and business debts towards insurance funds and the State, which contradicted government plans.
Our friends at Livesquawk reporting
