‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem 
1 in 3 uni students experience serious financial hardship. Could concession cards for all help? 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
Unsustainable – or manageable? We don’t yet know how data centres will impact Australia’s environment 
Synthetic data could ease people’s concerns about privacy breaches. But who gets to create it? 
Europe can’t achieve space sovereignty alone. Here’s why 
Physicists zoom into the birth of cosmic rainstorms with new CERN study 
Who should own the knowledge that underpins AI technology? 
Big AI wants to slow down AI research. Is it a safety pause or a strategic retreat? 
AI is supercharging money scams – here’s what you can do to protect yourself 
Add as a preferred source on Google
Greek Prime Minister Mr. Alexis Tsipras is set to meet European Commission's president Mr. Jean Claude Juncker in Brussels where he will be presented with final proposals by creditors.
According to sources familiar, creditors are going to much compromised target plans for Greece.
- Greece will need to post a primary budget surplus of 1% of GDP this year, 2% for next year, which will rise to 3.5% in 2018.
The primary budget surplus -- government revenues minus expenses, without counting the interest payments on debt. Higher the number means tougher the austerity Greece will need to pursue.
- These numbers are significantly lower than the current bailout program in which Greece needs to achieve 3 per cent primary surplus this year and 4.5 per cent next year.
According to sources, the proposal doesn't include any hints of debt write-offs or restructuring which IMF have been pushing for, as it still has doubts that Greece will not be able to achieve the numbers in new proposal given its economic condition.
Greek stock and bonds stand ready to soar along with Euro if Greek deal gets finalized.
Euro is currently trading at 1.108 against dollar.
