Thursday, February 9, 2012

Greek Leaders Fail to Agree To Terms

Fox has just reported that Greek leaders have failed to agree on reforms and austerity measures needed to secure a bailout to avoid a messy default, "forcing Finance Minister Evangelos Venizelos to go to the country's financial backers with an incomplete deal".

The problem is that if they do accept the bailout, this is a major time bomb that will explode int the future.

"Athens' partners in the European Union and the International Monetary Fund are increasingly exasperated by a lack of agreement on the measures they demand in return for a 130 billion euro ($172 billion) bailout and time is running out for Greece before a major March 20 bond redemption.

Euro zone officials say the full package must be agreed with Greece and approved by the EU, IMF and European Central Bank by Feb. 15"

Stumble Upon Toolbar

No comments:

Financial TV

Blog Archive

// adding Google analytics