BBC News: Reports that Eurozone Finance Ministers are showing confidence that Greece will get its 2nd bailout of 130 billion Euros. In other words folks these politicians are hoping something turns up to change the present outlook for Greece, EVEN with the agreed austerity package between Greece and the EU/IMF/ECB, the deal will still leave Greece with a 120% of debt to GDP. The EU Ministers have looked over the cliff of a quick Greek default and decided to it would rather waste 130 billion Euros NOW, and then in a few months time Greece will be asking for more, no wonder the Eurozone is in a mess, no bold leaders, but weak leaders afraid to admit they got the Euro wrong. This crisis is over for NOW folks, but Greece will be back for more money, its just a matter of time folks. They say people get the leaders they deserve, well it seems that EU is heading for the toilet, pushed there by its people and leaders.
Monday, February 20, 2012
2ND Greek Bailout - Euro Crisis
BBC News: Reports that Eurozone Finance Ministers are showing confidence that Greece will get its 2nd bailout of 130 billion Euros. In other words folks these politicians are hoping something turns up to change the present outlook for Greece, EVEN with the agreed austerity package between Greece and the EU/IMF/ECB, the deal will still leave Greece with a 120% of debt to GDP. The EU Ministers have looked over the cliff of a quick Greek default and decided to it would rather waste 130 billion Euros NOW, and then in a few months time Greece will be asking for more, no wonder the Eurozone is in a mess, no bold leaders, but weak leaders afraid to admit they got the Euro wrong. This crisis is over for NOW folks, but Greece will be back for more money, its just a matter of time folks. They say people get the leaders they deserve, well it seems that EU is heading for the toilet, pushed there by its people and leaders.
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