Tuesday, June 23, 2015

Greece Concessions Could Avoid Default

Greece appears to be on the cusp of agreeing to major concessions to avoid a default on its staggering debt. After repeated promises from Prime Minister Alexis Tsipras to not give an inch, the Greek government has signaled that it will raise its retirement age to 67, a key stumbling block.

Furthermore, the country's creditors seem to be preparing an $18 billion lifeline that could float the country for another six months.

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