(Reuters) – Greece’s new government promised on Thursday to renegotiate the terms of the country’s bailout without endangering its future in the euro, responding to intense pressure to ease mounting social tensions but also risking a showdown with European powers.
The three-party coalition called for changes to the deal that is helping Greece avoid bankruptcy after the announcement of an 18-member cabinet dominated by the conservative New Democracy party of Prime Minister Antonis Samaras.
READ THE REST HERE AT REUTERS.COM
If you enjoy the content at iBankCoin, please follow us on Twitter
Sounds good to me… but what do I know. I’m jus a dirty hybrid trader.
1/2 the people would vote to default. so how can this last? would u throw good money after bad?
It’s pretty funny seeing this new Greek government telling the world how they’re going to renegotiate the bailout. Maybe they should check with Germany first.
“My Greek brothers and sisters! Last week, I reported to you that we would be renegotiating the bailout agreement! As it turns out, however, the other parties to this agreement refuse to renegotiate. And so I say to you – nevermind!”