“In the next few days, we need an agreement on further measures in Greece and additional aid from the other euro area countries to ensure debt sustainability.”-Joerg Asmussen, European Central Bank (ECB)
This statement comes after Greece enacted more government spending cuts, and the Greek Prime Minister promised no more.
Asmussen, of the ECB, said even with the new cuts Greece will not meet the demands of creditors! The boss of the ECB, Mario Draghi, said Greece is now at the mercy of creditors because the ECB has reached its limit, in being able to help Greece, under current European Union laws. All this chaos in Greece because of creditors!
This is what a Greece newspaper, Ta Nea Daily, had to say: “Greece cannot take it – and in any case the government will not survive it.”