Latest News in the Business and Financial World

Sunday, February 28, 2021
Log in
  • Home
  • Company News & Financials
  • OTC Markets
  • Tech & Science
  • Health & LifeStyle
  • About WS OTC
    • Analysts & Contributors
    • Contact Us
    • Advertising
    • Feedback
    • Privacy Policy GDPR
  • Mobile
  • Latest News
    • New Theories Explain the Disappearance of the Mayan Civilization
    • What Happens If Coral Reefs Die?
    • Monsanto Loses Lawsuit for its Herbicide Products
    • Mankind (MNKD) shares Plunge after FDA Approves Afrezza, inhaled Insulin for Diabetes patients
    • Psychologists Confirm that Violent Video Games Boost Aggressiveness
    • World of Warcraft: Warlords of Draenor Release Date on Nov 13
    • iPass Global Hotspot Map Unveils Worldwide Wi-fi Coverage

Pages

  • About Wall Street OTC
  • Advertising
  • Analysts & Contributors
  • Contact
  • Feedback
  • Mobile
  • Privacy Policy GDPR
  • Terms of Service

Recent Posts

  • SF Hospital Slaps New Parents with $19K Bill for Baby Treatment
  • Furious Trump Blasts Harley-Davidson for Moving Production Overseas
  • Warning! MRI Machines Could Poison You
  • Flight Attendants More Likely to Get Certain Cancers
  • More Red Meat Allergy Cases Related to Lone Star Tick Bites

Germany Deeply Divided over the Greek Bailout Deal

Jul 17, 2015 By Nathan Fortin Leave a Comment

Email, RSS Follow

Germany Deeply Divided over Greek Bailout Deal

On Friday, Chancellor Angela Merkel urged Germany’s lawmakers to approve a third rescue package designed to prevent Greece from leaving the euro zone. The Chancellor explained that the new bailout is necessary “for a strong Europe and a strong euro zone.” She also added it would be “grossly negligent” to spurn the bitter months of tense negotiations before this Monday’s agreement.

Yet, a third bailout is not wanted by many lawmakers in Germany. About 50 members of the Chancellor’s coalition may soon vote against the measure. The whole Europe is waiting for Germany’s approval to the $96 billion bailout. If the deal stands, Greece banks would be able to resume their normal activity after a period of three weeks when they kept their doors open.

Yesterday morning, the Greek parliament voted for the austerity measures imposed by the country’s creditors, but spurned by the Greek people with a 61 percent vote. The bailout divided politicians and made the prime minister say that Greece is affected by the worse downturn since the World War 2.

Deputy Finance Minister Dimitris Mardas announced Thursday that banks would be open and remain open on July 20. But Greeks who sought to withdraw the money from their savings accounts will still be limited to a daily $67 withdrawal. The good news is that they won’t have to stay in line in front of an ATM every day to do that.

Transfers of cash abroad will be also limited so imports and shortage in some medicines would still have to suffer the consequences. But until Europe’s money reach Greece, the terms of the bailout need to be negotiated several weeks.

In the meantime, E.U. leaders said that they have in store some short term solutions to help the country pay its most pressing debts. The European Central Bank announced that it would pump into Greece’s banks some money as early as Monday.

Although a few days ago everybody was pondering whether Greece should leave the euro zone, ECB’s president Mario Draghi said today that the country’s membership is no longer in doubt.

“Our mandate is to act based on the assumption that Greece is and will be a member of the euro area,”

Draghi added.

Though Finland approved the deal when everybody expected not to, Finnish lawmakers said that they would keep a close watch on Greece and see whether it implements the austerity measures requested by the creditors.

Image Source: Lapatilla

Email, RSS Follow
The following two tabs change content below.
  • Bio
  • Latest Posts

Nathan Fortin

Find me on Google +

Latest posts by Nathan Fortin (see all)

  • The End of Life Option Act Already Used by 111 People - Jun 28, 2017
  • Senate Decided to Kill Rule that Promotes Retirement Plans - Apr 1, 2017
  • BlackRock Is Turning to Robots for Improved Stocks - Mar 30, 2017

Filed Under: Business

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 72 other subscribers

Mom holding newborn's hands

SF Hospital Slaps New Parents with $19K Bill for Baby Treatment

Jun 29, 2018 By Anne-Marie Jackson Leave a Comment

Harley-Davidson biker

Furious Trump Blasts Harley-Davidson for Moving Production Overseas

Jun 28, 2018 By Anne-Marie Jackson Leave a Comment

MRI machine

Warning! MRI Machines Could Poison You

Jun 27, 2018 By Anne-Marie Jackson Leave a Comment

Flight Attendants More Likely to Get Certain Cancers

Jun 27, 2018 By Anne-Marie Jackson Leave a Comment

Lone star tick sitting on a succulent leaf

More Red Meat Allergy Cases Related to Lone Star Tick Bites

Jun 26, 2018 By Anne-Marie Jackson Leave a Comment

Time magazine cover

Time Admits Sobbing Cover Girl Was Not Separated from Parents

Jun 26, 2018 By Anne-Marie Jackson Leave a Comment

Sunshine and green leaves

Vitamin D Deficiency Could Boost Risk of Lung Disease

Jun 25, 2018 By Anne-Marie Jackson Leave a Comment

Green-light laser pointer

Greek Boy’s Retina Severely Damaged by Laser Pointer

Jun 22, 2018 By Anne-Marie Jackson Leave a Comment

Red Tesla car

Tesla Suing ‘Whistleblower’ over Data Theft

Jun 21, 2018 By Anne-Marie Jackson Leave a Comment

Boiled eggs and mayonnaise

Eating too Clean Can Lead to Orthorexia

Jun 20, 2018 By Anne-Marie Jackson Leave a Comment

NYC mayor Bill de Blasio

NYC Will Allow People to Smoke Pot in Public

Jun 20, 2018 By Anne-Marie Jackson Leave a Comment

A kitten and a puppy sleeping in a bed while hugging each other

Who Is Smarter Between Cats and Dogs? Researchers Have an Answer (Study)

Jun 19, 2018 By Anne-Marie Jackson Leave a Comment

Orthodox church in Greece

Being Religious Is Tied to Longer Lifespan, Study

Jun 19, 2018 By Anne-Marie Jackson Leave a Comment

Bacon and eggs for breakfast

How Does the Keto Diet Work?

Jun 18, 2018 By Anne-Marie Jackson Leave a Comment

Related Articles

  • President Donald Trump and VP Mike Pence

    America Could Be Hit By a 2008-Like Recession in 2020

    Jun 6, 2018
  • Incoming robocall

    Florida Man Behind 96M illegal Robocalls Appears Before Congress

    Apr 19, 2018
  • Overworked government workers in Japan

    Government Computers in Seoul to Shut Down to Prevent Overtime

    Mar 26, 2018
  • Angry McDonald's customer yelling at employee

    Video of MacDonald’s Customer Having Meltdown over Ice Cream Goes Viral

    Mar 19, 2018
  • Daimler luxury Mercedes model

    Daimler Accused of Using illegal Software to Cheat on U.S. Emissions Tests

    Feb 19, 2018
  • Bride and groom

    Here’s Why Being Single Is Hurting Your Wallet

    Feb 14, 2018
  • Bitcoin and Namecoin street ads

    Top Financial Regulator Pushing for Cryptocurrency Regulation

    Feb 9, 2018
  • Bitcoin button on a white keyboard

    China Bans Online Bitcoin Ads, Citing ‘Financial Risks’

    Feb 5, 2018
  • Uber self-driving car

    Uber, Lyft Seeking Monopoly on Driverless Cars in Big Cities

    Feb 4, 2018
  • Model presenting LG washing machine

    LG Washing Machines Will Cost More in the U.S.

    Jan 25, 2018

Categories

  • Business
  • Company News & Financials
  • Diversified Financial
  • Entertainment
  • Featured
  • Health & LifeStyle
  • Micro Cap
  • Mid Cap
  • National News
  • Nature
  • OTC Exchange
  • OTC Markets
  • OTC Research
  • Science
  • Small Cap
  • Sports
  • Tech & Science
  • U.S.
  • Uncategorized
  • Wall Street
  • World
  • World Indexes

Copyright © 2021 wallstreetotc.com

About · Privacy Policy · Sitemap · Terms of Service · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.