Sunday, June 24, 2012

Where are the Greeks ? - Eurozone Crisis


Guardian: Reports that neither the new Greek PM or Finance Minister will attend a EU Summit this week due to health conditions.

Lets Get Real:

If your in Berlin you must be thinking are the Greek Gods sending a message to the new Greek Government, the main point of the EU Summit as from the viewpoint of Athens as the articles notes is to " ..ease the punishing terms of its international bailout. ". The Greeks want major changes, this will not go down well with Berlin as noted in previous post, the Greeks are stalling for time, in many respects they are following the Tehran game plan, play the clock, so the EU gets so fed up it just gives Athens what it wants and thus the Greeks do not have to reform. Lets see how the markets react, also there is Egypt, the election of a Muslim Brotherhood President could cause regional tensions, even war with Israel. Lets hope the Egyptian Army keeps control of the military in Egypt.

No comments: