Greece faces day of reckoning as Germany says accept bailout or ‘it’s over’ – Financial Post

2/10/2015 – Germany and Greece are heading into an emergency meeting with official creditors today with conflicting positions, setting the stage for a clash. German Finance Minister Wolfgang Schaeuble rejected Greece’s call for a new debt accord, while Greece’s new Prime Minister Alexis Tsipras remained defiant, saying there is “no way back” for his government, and that he can’t condemn his people to more pain.

“We will not get a clean close to this crisis today,” Michael O’Sullivan, chief investment officer for the U.K. and Europe, the Middle East and Africa at Credit Suisse Private Banking in London, said in an interview on Bloomberg Television. “I think this will … read more.

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