Archived Piraeus bank CEO says Greek banks will not open Monday (telegraph.co.uk)
submitted ago by redikulous
Posted by: redikulous
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Archived on: 2/12/2017 1:51:00 AM
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Archived Piraeus bank CEO says Greek banks will not open Monday (telegraph.co.uk)
submitted ago by redikulous
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[–] Shammyhealz ago
The problem is that they're going to need money still. They haven't made the policy changes necessary to be fiscally solvent, and once they declare bankruptcy no one will loan them the money to tide them over until they make such policy changes. My takeaway from the articles is that the changes the creditors are asking for are going to be essentially necessary anyways.