European Agreement Sets Up Third Greek Bailout

An anonymous reader writes: Euro zone leaders have reached a deal that will attempt to resolve Greece's financial crisis. The deal sets up negotiations for the country's third bailout, and will require the Greek government to give up significant autonomy in financial matters. Experts have estimated that Greece could require almost $100 billion to stabilize once again. While this will be a significant cost to taxpayers in other European countries, the economic repercussions of letting Greece default on its debts would be much greater. "The agreement will call for Greece to raise taxes in some cases, parepension benefits and take various other measures meant to reduce what critics see as too much bureaucracy and too many market protections that keep the Greek economy from operating efficiently. ... Despite the agreement, Greek banks are expected to remain closed this week. The banks are acutely short of cash and Greek depositors may soon find it difficult to withdraw even small sums from ATMs."

Comments

Guess-bitcoin-won't-take-over-the-country

[ArcadeMan]

Posted by Soulskill on 2015-07-13 13:16 from the guess-bitcoin-won't-take-over-the-country dept.

What about Dogecoin then?

Re:Greeks surrender: no restructuring

[Mr D from 63]

You are quite ill informed to think that fuel availability would be an issue. 10 more units is only a small increase in existing production, which is operating below capacity.

They could pocket 100 billion for an accident, which is highly unlikely to happen, and still come out way ahead.

Waste storage costs are already covered per fees on generation, and since facilities will already be required, adding more waste fuel is only a very small cost increase, and a very small risk increase as well.