Wednesday, April 8, 2015

Russia Buying Greece On Fire Sale

No... it's no joke and Greece may not be the last country to fall...

(Telegraph UK) Russia could offer debt-ridden Greece controversial loans and discounts on supplies of natural gas in exchange for the country's "assets", according to reports in Moscow.

Alexis Tsipras, Greece’s prime minister, is due to arrive in the city on Tuesday and will meet Vladimir Putin, Russia’s president, on Wednesday.

Athens overtures to Moscow have raised fears the Leftist government is pivoting east in search of alternatives sources of finance as it bids to avoid bankruptcy. Ahead of his visit, Mr Tsipras condemned economic sanctions on Moscow as "a road to nowhere."

Greece's dalliance with the Kremlin has also attracted criticism for potentially undermining the EU's united front against Russia's military intervention in Ukraine.

The Syriza leader's flirtation with Moscow is likely to harden sympathetic European voices to Greek pleas of relief Martin Schulz, the president of the European Parliament, said on Saturday that it would be "unacceptable” if Mr Tsipras "jeopardised Europe's common policy on Russia" in return for Kremlin aid.

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Posted By: Chris Carmouche