EU Prepares for Worst as Greece Drives Finances to Brinkby Radoslav TomekPatrick DonahueJune 12, 2015 — 5:13 AM MDT Updated on June 12, 2015 — 10:17 AM MDTShare on FacebookShare on Twitter Greek Debt: Will EU Pressure Bring Deal or Default? Don’t Miss Out — Follow Bloomberg OnFacebook Twitter Instagram YouTubeRecommendedSalvation to Catastrophe: What Might Happen to GreeceGreece Counts Cost of One Man’s GambleElizabeth Warren Says Dimon’s Irked Because She Knows His Tricks Greek Debt: Will EU Pressure Bring Deal or Default?Share on FacebookShare on TwitterEuropean officials are preparing for the worst as Prime Minister Alexis Tsipras’s brinkmanship pushes Greece’s finances to the limit.Chancellor Angela Merkel urged Tsipras to accept the framework for financial aid as the German public turns against supporting Greece and euro-area officials demanded a proposal for stabilizing the country’s debt by the end of Friday. The International Monetary Fund team left Brussels earlier this week, despairing of Tsipras’s tactics.Bank stocks plunged as Greece ruled out pension cuts and demanded a debt restructuring. Later, Tsipras’s government said it was ready to submit another counter-proposal and send a delegation to Brussels on Saturday to bridge differences on its primary surplus target.“People are really fed up with this,” UniCredit SpA Chief Global Economist Erik Nielsen said in a television interview. “They’ve never seen anything so completely ridiculous, frankly speaking, from a debtor country.”
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