Tuesday, November 01, 2011

G20 and Greece

Guardian: Reports that the G20 meeting in France has a new problem with the announced referendum in Greece, the plan to increase the stability fund is a victim, the article states the following, “ ..The prospect of a Greek referendum is likely to undermine efforts to forge an agreement. ”. The Markets should nosedive tomorrow folks, the Asian Markets didn’t look good early on, the cost of Italian bonds will go higher, there will be calls from the left and their friends in the media for the austerity packages being followed in the EU to be dumped, they want more spending. In other words folks the embers of the Euro crisis have just gotten hotter, and its down Trojan horse of Greece. You have to love the Greeks, if not their horse!

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