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Greece Faces European Ultimatum

 

Greece  will recieve a final offer for  a bailout agreement from its creditors led by Germany and the IMF, according to reporting  by the Wall Street Journal.

In an attempt to end the months long standoff this effective ultimatum could back the government of Prime Minister Alexis Tsipras into a difficult choice between breaking its promises to Greek voters to end austerity, precipitating the country into an unprecedented financial and economic crisis or forcing the government to call new elections. 

The report has had no effect thus far (6:25 pm New York) on the euro which is trading at 1.1149 against the dollar, within points of where it closed in New York.

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