Greek Debt Negotiations at 11th Hour – The Troika’s ‘Carrot and Stick’ By: Jack Rasmus

The weekend of June 27-28 marks the likely last comprehensive negotiating session between the Troika and the Greek government before the current extension of the debt agreement between Greece and the Troika formally expires on June 30, 2015.   As final negotiations come down to the wire, the class nature of the bargaining positions of the two parties is becoming …

Greek Debt Crisis: Is Default or Exit Inevitable? By: Jack Rasmus

This past week, April 24, European finance ministers met in Riga, Latvia. High on the agenda was the topic of Greek debt negotiations. Two months after the February 28 interim agreement between Greece and the EU ‘troika’—the IMF, European Commission, and European Central Bank—in which both sides agreed to continue negotiating—little has changed. In fact, led by its de facto …