Wednesday, February 08, 2012

EU Meeting on Greece - Thursday


Telegraph Live - Euro: Reports in its 5.12pm post that the Eurozone Finance Ministers will meet tomorrow to discuss Greece. The EU Ministers must be really fed up with Greece, they promise reform and what happens, bugger all, they have not followed through with assets sales, it was predicted that Greece had 50 billion of Euro assets to sell, so far only 1 billion is on the table. The Greek political system is stalling any reforms, as any Party that support these EU demanded reforms will find itself out of power for years. The Greeks Government conned itself in to the Euro, the cheap loans of the Euro allowed Greece to spend like a drunken sailor on its welfare structure, people could retire at 50, non jobs were created, the welfare system once created is very hard to take back folks. The Greeks need to learn the hard way that the glory days are well and truly over, its time to pay and its going to be harsh folks.

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