France and Germany Signal No More Concessions For Greece!

The Greek financial system was nearing the brink of collapse early Monday morning as banks were closed and capital controls have been placed over government bodies as they prepare for the last round of efforts to keep themselves in the Euro Zone.

Greece has pledged to hold a referendum on July 5th to approve the terms from the last negotiations, Germany has stated that the result of this vote will determine whether or not Greece can stay.

The West’s largest economies have all been eager to keep Greece in the Euro over the last few months, but mounting pressure over the Greek ability to repay loans has made the stance increasingly unpopular in some of Europe’s biggest economies.

Read More on Bloomberg

Comments are closed.