“Greece only has a few days to either agree to an extended EU bailout, or walk away from its European partners and seek other assistance, possibly Russia or China, or other BRICS countries.”
“Finance ministers from the eurozone will meet with Greek counterpart Yanis Varoufakis on Friday February 20 to either extend the current bailout program or sign a new deal. If no progress is made, Greece could be forced to leave the euro currency.”
“The EU is nervous about Greece looking elsewhere to get a better deal, according to former British diplomat William Mallinson. 'They fear above all Greece getting closer to Russia, as it ought to historically in any case. Because at the end of the day, they know very well that it is possible to have a BRICS loan with perhaps Russian-Chinese help, with far lower interest rates,' Mallinson told RT.”
“A move towards China or Russia would deepen the divide between Athens and the rest of the EU, says Mallinson, and any EU country that comes to Greece’s rescue could also be economically isolated. 'Or who knows, even a compromise with Russian help and some individual European countries,' he suggests. However, the cost of borrowing for Greece continues to rise as government debt continues to devalue. Greek banks are very dependent on help from the European Central Bank.”
Greece's Deputy Foreign Minister, Nikos Chountis, confirmed that Greece examines a plan B in case that the negotiations with the European "partners" about the debt will be driven to a dead end. [...] “There have been proposals, offers I would say, from Russia, recently after the election, for economic support as well as from China, regarding help, investment possibilities,” Chountis said, ...
Earlier, the Greek Defence Minister Panos Kammenos spoken about a plan B, concerning funding from Russia and China or other countries:
As BRICS are in the processes to decouple economies from the Western neoliberal monetary monopoly, they could bring back the gold standard as a base for their transactions, which is much more steady than the paper money unstable financial bubbles. They are ready, because they are emerging economies with billions of potential consumer tanks and can attract other countries too being victims of the international financial mafia, like Argentina and Greece.