Greece Lates - Greek Crisis

BBC News - Greece Live: Reports in its 8.50pm post via the WSJ that Greece will give its plan to the EU within the hour. 

Lets Get Real:

The Stock Market is up, they must know something that the rest of us do not, one can assume that a deal is in the works between the EU and Greece.   Lets see how much pain Germany is willing to take with hair cuts to the debts that Germans banks hold of Greek debts.   In return for the cut in debts one can expect that on the PR side the Greeks will say they will do reforms, of course once the news cycle moves the Greeks will do bugger all and it will be to late for the EU to demand reforms.   The next countries with their hands out will be Spain and Italy.