by Bill McBride on 7/10/2015 08:41:00 AM
Friday, July 10, 2015
From A Evans-Pritchard: "Just spoke to senior Greek banker. Delighted. Sees 90% chance of deal. France + US saved hour. Still worried Schauble might throw spanner"
From the WSJ: Creditors Assess Greece’s Bailout Plan as Optimism Rises
Greece’s creditor institutions will make an assessment on the country’s eligibility for new bailout on Friday, as some leaders from the currency bloc voiced optimism about the latest Greek economic proposals.Debt relief - and some hope for the future - are key elements to a successful plan.
However, a fight still looms about the level of debt relief that will have to accompany any new rescue deal for Greece.
From the NY Times: Is Greece Worse Off Than the U.S. During the Great Depression? Great graphs. Short answer: Yes.
Posted by Bill McBride on 7/10/2015 08:41:00 AM