FXStreet (Bali) – The German newspaper Bild, as mentioned earlier, is reporting on the German government plans in case of a Greek state bankruptcy, citing several individuals familiar with the matter.
Reuters has put out a brief story, elaborating further on the German government’s “concrete consultations” taking place in the event of a bankruptcy of the Greek state.
As Reuters notes: “This includes discussions about introducing capital controls in Greece if the crisis-stricken country goes bankrupt, Bild said in an advance copy of an article due to be published on Friday. It said a debt haircut for Greece was also being discussed, adding that government officials were in close contact with the European Central Bank on that.”
The brinkmanship between Greeks and international creditors saw no progress on Thursday; if anything, a step backwards was the outcome, with the latest attempts to close in positions resulting in the IMF’s delegation walking out of Thursday’s negotiations in Brussels, attributing major disagreements.
(Market News Provided by FXstreet)