Wednesday, June 08, 2016

Painful choices still hang over Greece -

Contagion post Greek, Irish bail outs seems to have been averted for Portugal, Spain and Italy, but has it and at who's expense?

Ive no idea how this impacts on the Brexit issue and the credibility of the EU and Euro but it certainly looks like a matter of time before some camp or other comes clean!

"Meanwhile, the IMF has to decide on its own position. It has now thrown down the gauntlet to the eurozone. Germany wants the IMF in, but not the IMF’s demands on debt. So Berlin must choose. If the IMF does not get the concessions it seeks, it is honour bound to withdraw from the Greek mess. It should do so. It might be unable to save Greece. But it can at least save itself."

Painful choices still hang over Greece -


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