Greece vs. EU

Telegraph: Reports that a deal between the Greek Government and its bond debt holders is close, but another threat comes as the article states from “ ..simmering clash with EU officials and the International Monetary Fund has yet to be resolved and remains a larger threat. ”. The Troika of the EU/IMF/ECB is less than impressed with the progress that Greece has made with its reforms, out of billions of State assets only 1 billion has been sold off, the Greek Government system is showing resistance to chance at the most basic level. The article notes that the Troika wants further cuts in Government spending, up to 1% of the GDP of Greece, the Troika is aware that there will come a point that Greece will just say NO. Thus why give them another 130 billion that will go to the bankers, better that Greece defaults then the Troika can support Greece, start from scratch rather than this water torture of constant cuts, and Greek resistance, it will not end well for either Greece or the Troika if this policy is not changed.