News Summary: Greek Opposition Seeks Payment Delay
By The Associated Press
BAD CYCLE: A week after Greece got slightly better terms for its bailout loans and debt reduction plan, the leader of the anti-bailout party said that the austerity policies pursued by government would weaken the economy and leave the country ever-more reliant on emergency loans.
CALL FOR DELAY: Alexis Tsipras, who heads the Radical Left Coalition Party, called for a delay in loan repayment until the end of the recession, headed for its sixth year.
AUSTERITY IMPACT: The conservative-led government says Tsipras' policies are unrealistic and would see Greece default on its debt and leave the eurozone. Greece has depended on international rescue loans since May 2010. It imposed spending cuts and tax increases. The economy has slumped more than 20 percent and the unemployment rate is 25 percent.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV