mardi 31 mars 2015

Is Russia Greece's last hope of survival?

As Greece's reserves run low and its relations with the rest of Europe look increasingly strained, Russia is starting to look like it might be the country's last hope for financial survival.



A meeting between Greek Prime Minister Alexis Tsipras and Russian President Vladimir Putin is scheduled for April 8 and speculation is mounting that an offer of aid from Russia could be back on the table.



Russia has said it was willing to offer Greece money before but Greece has so far stuck with aid from its fellow euro zone countries and the International Monetary Fund -- but that was before the country had badly burned its bridges and flirted with defaulting on its debt.



As it stands now, Greece has yet to receive a final tranche of aid from the bodies overseeing its bailout program – the European Commission, European Central Bank and International Monetary Fund – and is predicted to run out of money by April 20.




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Is Russia Greece's last hope of survival?

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