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Showing posts from June, 2015

Greece: Beggar or Bankrupt state ?

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Greek prime minister  Alexis Tsipras  agreed to meet with Russian president Vladimir Putin  at the St Petersburg International Economic Forum in mid June after they both held phone call today. They are expected to have bilateral meeting on the sidelines of the forum, and the topics on the agenda of the meeting would be Greece's debt crisis and Greece's BRICS bank membership. Tsipras would likely ask Russian side for financial assistance to ma ke the payment within timeframe to the international creditors; he will also further discuss with Russia's Putin on the proposal to join BRICS bank. Recently, Russia surprisingly has invited Greece to join BRICS Development Bank, yet it remains skeptical about what is real intention behind the invitation of Greece to join BRICS Bank. The diplomatic relations between Greece and Russia becomes more cemented after Anti-austerity prime minister came to power in January. After he was sworn into office, in April Tsipras deci