Quote from: randy8777 on June 12, 2015, 10:01:16 AM

Quote from: NUFCrichard on June 12, 2015, 08:55:11 AM

Quote from: BIT-Sharon on June 12, 2015, 03:25:20 AM

Greece has made an important concession that not only giveing up the former standpoint, but also considering the discussion with Brussel Group which had regular meetings with Greece and its technical team in the past few months . The suggestion includes the contents as followings: 1. low primary surplus makes Greece free from deflation policy; 2. the protection of pension and wages avoids further wage and pension cutting in order to stop recession.3.to carry on reallocation of the income of most people in society.4. debt restructuring makes Greece's new debts stop and old debts paid back, but not the vicious circle for development of the real economy. 5. to restore collective negotiation of labour and capital, and cancel the resolutive labour relationship. 6.Strong investment plans on basic infrastructure and real economy are introduced.

What there is the important concession?

2. seems unworkable, they can't be a far poorer country with lots of debt, but continue to have richer country wages and pensions that are being phased out everywhere.
4. sounds like an idea, but not one that is workable or will actually happen.
6. seems like it would go directly against the Troica.

It's all just can kicking, someday they will realise that they need to leave the to get out of their mess.

they won't let greece leave the euro zone, the danger is that other countries may follow if it indeed turns out to be a benefit for them.

but only those nations that are in bad situation will follow, others will stays with europe, if some poor countries leave the euro zone, it should turn the euro strongher and not weaker, because those country are heavily dependent of the central european bank, and they are not helping the global euro economy in any way, they are parasite of them at present