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Happier times for Greece and the Euro(s). Mike Egerton

Greece's relationship with the euro is hanging by a thread

The IMF last night walked away from talks on the future of the Greek bailout, which has hit the euro hard in international trading.

GREECE’S FUTURE IN the euro is in further doubt as its creditors pile pressure on Athens to reach a deal on its debt.

The IMF last night walked away from talks on the future of the Greek bailout, which has hit the euro hard in international trading.

In Tokyo this morning, the single currency was at $1.1255 and 139.05 yen, against $1.1260 and 139.00 yen in New York.

The IMF says that the “ball is very much in Greece’s court right now”, adding key disagreements were on pensions, taxes and financing.

Greece must reach a compromise with its creditors — the IMF, European Commission and European Central Bank — before the end of the month to unlock much-needed cash to service its debts. Failure to do so will lead it to default and possibly exit the eurozone.

The IMF is demanding huge reforms and concessions from Greece, but the hard-left Syriza party, which swept to power promising a renegotiation of the €240 billion bailout, will not want, and may not be able, to deliver such changes.

Without fresh external funding when the bailout expires on June 30, cash-strapped Greece is set to default on its debts, meaning it could crash out of the eurozone despite benefitting from two international bailouts since 2010.

EU president Donald Tusk issued an unprecedented warning to Greece Prime Minister Alexis Tsipras, telling the Greek government to stop “gambling” and saying the Eurogroup meeting next Thursday would be “really crucial” and “decisive”.

Read: What is the secretive Bilderberg Conference – and why has Michael O’Leary been invited?

Read: ‘The day is coming that someone says the game is over for Greece’

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    Mute gm_cmanning
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    Jan 8th 2020, 8:23 PM

    In fairness to the sky fairies deputy yer one last week was well outta order

    469
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    Mute ÓDuibhír Abú
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    Jan 8th 2020, 8:41 PM

    @gm_cmanning: Does he now fit the description of a ‘Slapper’.!!

    54
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    Mute Seamus Mac
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    Jan 8th 2020, 9:09 PM

    @gm_cmanning: whats a sky fairy?

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    Mute gm_cmanning
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    Jan 8th 2020, 9:10 PM

    @Seamus Mac: the popes imaginary boss

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    Mute gm_cmanning
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    Jan 8th 2020, 9:35 PM

    @ÓDuibhír Abú: absolutely but that’s hardly a bad thing. A promotion really I guess

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    Mute Sylvia O'Regan
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    Jan 8th 2020, 11:17 PM

    @gm_cmanning:

    She may have been desperate. Perhaps she has suffered terribly and in her desperation she clinged to him. The pope should have above average empathy at the very least. Otherwise, what is the point of the role? He may as well drop the pretence now.

    23
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    Mute Conall
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    Jan 9th 2020, 12:22 AM

    @Sylvia O’Regan: Technically, he’s an 83 year old man running a worldwide church with a pile of current and historical problems on behalf an all powerful god (or so he believes, anyway). Let’s cut him a bit of slack. Who among us has not sinned, first stones, etc.

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    Mute Jazz Buckler
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    Jan 9th 2020, 12:40 AM

    @Sylvia O’Regan:
    Jaysus cut the man some slack ffs
    We can all use imaginary speculation as leverage to suit our own prejudices and projections
    “Perhaps” also she was desperate for a selfie.

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    Mute gm_cmanning
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    Jan 9th 2020, 6:56 AM

    @Sylvia O’Regan: and she may not have been. You can’t be grabbing and pulling an 83 yr old (insert joke here) like that without their consent. I agree with the pointlessness of the role though.

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    Mute Diogenes
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    Jan 8th 2020, 8:19 PM

    Was he lactating?

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    Mute Conoroconnor
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    Jan 8th 2020, 8:22 PM

    @Diogenes: no he always wears white

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    Mute MJF Consultants - Business Advisers
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    Jan 9th 2020, 12:55 AM

    @Diogenes: Over 1,000,000 human contacts since becoming a cardinal. 1 mistake. Give the man a break.

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    Mute Dave O'Keeffe
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    Jan 9th 2020, 3:26 AM

    @MJF Consultants – Business Advisers: that seems quite a low estimate in almost 19 years.

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    Mute Seán Corcoran BSc (Hons)
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    Jan 8th 2020, 9:08 PM

    He’ll be meat slapping Bishops next.. Oh, wait!!!

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    Mute alan
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    Jan 8th 2020, 8:21 PM

    I’d say there will be fairly immediate and significant rise in the amount of clerical hand-slapping if this is where it leads lol

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    Mute thomas patrick
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    Jan 9th 2020, 7:50 AM

    She could take this to the labour court now in ireland and get 20k for sexual harassment

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    Mute LD
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    Jan 9th 2020, 11:21 AM

    imaging a vampire bit the pope. whats gonna happen?

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    Mute Jonny Chip
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    Jan 9th 2020, 12:35 PM

    #cult

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    Mute Test Religion
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    Jan 9th 2020, 7:41 AM

    Jesus did worse. Read what happened with the syro phoenician woman. By their fruits…

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    Mute Patrick Wheeler
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    Jan 9th 2020, 1:45 PM

    Hope he doesn’t make a habit of this now

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    Mute Paully kelly
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    Jan 9th 2020, 12:26 PM

    Your human like us our Holy Father.

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    Mute Louisa Anna Harley
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    Jan 10th 2020, 7:33 AM

    The woman was a bit overwhelmed …it was a shame for the young woman, good job ut wasn’t a child, mabye the pope needs to retire

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    Mute Louisa Anna Harley
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    Jan 10th 2020, 7:33 AM

    The woman was a bit overwhelmed …it was a shame for the young woman, good job ut wasn’t a child, mabye the pope needs to retire

    1
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