Tuesday, 7 February 2012

Greek deal or no deal continues, a few catch-up bullet points

  • As usual the Greeks decide to do what they do best today….strike! *shakes head*
  • A Greek finance minister named Venizeloz made an extremely intelligent comment: “The country remaining in the Euro means great sacrifices…..failure of these talks, failure of the plan and the country’s bankruptcy means even greater sacrifice.” 
  • On 20th March Greece has to pay a whopping 14.5bn in bond redemptions, this is putting pressure on them - as the have a looming timeline. I believe that Greek debtors will be enticed to push as much of the burden of Greek adjustment onto foreign creditors, so they’re less tempted to roll-over before they have to. 
  • In the thick of the ongoing manoeuvring between Greece and troika, it is getting knotty because the Greeks being awkward….again! *shakes head*

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