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Wolfgang Schaeuble: Greeks would have suffered only once because of Grexit

German Finance Minister Wolfgang Schaeuble brought up indirectly the Grexit issue speaking at an event in Hamburg.

Mr. Schaeuble expressed the view that Greeks would have suffered only once because of a Grexit avoiding this “endless painful process” and the “tough measures” that Greek people are now experiencing.

S&P upgrades Greece’s sovereign rating; outlook now stable

Standard & Poor’s on Tuesday upgraded Greece’s sovereign credit rating to CCC+ from CCC-, with the ratings firm going further and revising the country’s outlook to stable from negative.
In a statement, S&P said it believes the possibility of Greece leaving the euro zone by 2018 (Grexit) has fallen to lower than 50 percent, although adding that the risk “is still high.”

France assembly overwhelmingly approves of Greek bailout

French lawmakers overwhelmingly approved the latest Greek bailout deal on Wednesday, with Prime Minister Manuel Valls warning that it was the only path out of the crisis.

The French National Assembly (the lower house) backed the agreement by 412 votes to 69. The Senate vote followed, 260 approving opposed to  23 against.

Greek Parliament VP: SYRIZA has failed

The Vice President of the Greek Parliament and SYRIZA MP, Alexis Mitropoulos warned the party was mutating into a neo-liberal party and was being forced to implement a suffocating and anti-social platform. Speaking before the party’s meeting Friday, Mitropoulos did not hold back, as he unleashed harsh criticism against the government.

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