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Angela Merkel dashes hopes of Greek breakthrough at Brussels summit - live updates | Business | The Guardian

Athens faces €1.7bn euro in debt repayments this month alone. The lack of liquidity has begun to affect the real economy with officials blaming the Dutch finance minister and president of the Euro group Jeroen Dijsselbloem for massive withdrawals from banks yesterday.

"His statements about a Cyprus-style bail-in were totally irresponsible," said one. "They are the sort of thing that could spark the accident everyone is talking about," he added.

"If anything, an accident would take the form of a run on banks."

The "honourable compromise" [see earlier report] that Greece's leftist- led government is said to be seeking could take the form of Athens promising to enact immediate privatisations and maintain unpopular property taxes, insiders said, in return for rescue funds being unlocked.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Thu Mar 19th, 2015 at 02:47:05 PM EST
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