New Greek Recession All But Certain Now: Kraemer

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July 13 -- Standard & Poor's Managing Head of Sovereign Ratings Moritz Kraemer discusses an agreement reached between Greece and its creditors, and the ongoing negotiations to ensure an actual deal. He speaks with Manus Cranny on Bloomberg Television’s “The Pulse.”

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This is a financial coup.
Greece say no and give the world a lesson .
Greece go back to basics . What else can you lose when you lost everything ?
Your creditors will lose more.

AMIRAMIR-vsnf
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so 3 billion was drawn out of banks in just one they are waiting for new funds,    why not push the greek people to buy they own utilities, with the money they cannot draw out of the banks,   at least now the greeks have some real tangeable asset.  and the banks get to transfer 50 billion from the left column to the right column.

carllonel