{"id":67481,"date":"2015-02-02T04:16:29","date_gmt":"2015-02-02T09:16:29","guid":{"rendered":"http:\/\/countingpips.com\/?p=67481"},"modified":"2015-02-02T07:23:21","modified_gmt":"2015-02-02T12:23:21","slug":"greece-wants-to-end-dependence-on-troika-bailout-loans","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/02\/greece-wants-to-end-dependence-on-troika-bailout-loans\/","title":{"rendered":"Greece wants to end dependence on troika bailout loans"},"content":{"rendered":"<div id=\"inves-356526452\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 2, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The new leftist Greek government led by Alexis Tsipras, announced it wants to end the existing debt arrangement with the troika (European Union, the European Central Bank and International Monetary Fund) when its aid deadline expires on February 28.<\/p>\n<p>The Greek government plans to start to roll back on austerity measures imposed under its existing bailout agreement. Over the weekend, Greece\u2019s Finance Minister, Yannis Varoufakis said that the Greek government will go \u201ccold turkey\u201d and end its \u201caddiction\u201d to loans from the troika.<\/p>\n<p>\u201cFor the last five years, Greece has been living for the next loan tranche. We have resembled drug addicts craving the next dose,\u201d Finance Minister Yanis Varoufakis said after meeting his French counterpart Michel Sapin in Paris.<\/p>\n<p>Sapin repeated that Greece could not expect its partners to accept a straight debt write off. But he left the door open to other options that could include giving Athens more time for repayment.<\/p>\n<p>\u201cAnything that can alleviate the Greek debt burden will be welcome \u2026 but of course there is no question of cancelling the Greek debt,\u201d he said.<\/p><div id=\"inves-1552512658\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Varoufakis said Greece needed a short space of time to present its reform proposals and expected to be able to hammer out a new agreement with its partners within about six weeks. He said he wanted to deal directly with European partners, the ECB and IMF rather than go through inspectors from the troika.<\/p>\n<p>There are scheduled visits by the Finance Minister in London to see British Finance Minister George Osborne and in Rome on Tuesday. A meeting with German Finance Minister Wolfgang Schaeuble, who has repeatedly demanded that Greece meet all its bailout obligations, would follow in the coming days, he said.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The new leftist Greek government led by Alexis Tsipras, announced it wants to end the existing debt arrangement with the troika (European Union, the European Central Bank and International Monetary Fund) when its aid deadline expires on February 28. The Greek government plans to start to roll back on austerity measures imposed [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-67481","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/67481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=67481"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/67481\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=67481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=67481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=67481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}