2nd Greek Bailout - Eurozone Crisis

BBC News: Reports that Jean-Claude Trichet the President of the European Central Bank has called for Eurozone Countries to follow through with the agreed bailout for Greece. The President of the ECB also stated that the ECB could not be seen as way out for the weaker Eurozone Countries to borrow without reform. The Eurozone crisis is a ticking time bomb folks, the 2nd Greek bailout is in trouble because some of the Eurozone Countries don’t trust the Greeks and want some collateral in case Greece does not pay the loan back, lets recall the EU is a democracy, politicians have to face the voters, if the voters don’t want bailouts they can throw politicians out of office, lets see if this bailout goes through and how long the ECB keeps buying the bonds of Italy and Spain.