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Thursday, February 09, 2012

Greek "Deal" Starts To Unravel

My earlier cynicism of an hour ago about the alleged Greek "deal" seems to be well founded.

Aside from the fact that holes are being picked in the announcement from Greece by all and sundry, and questions being raised by the IMF et al, news has just come in that Greek deputy labour minister Koutsoukos has just resigned over this.

Additionally, German Finance Minister Schauble says that the Greek 'deal' does not yet meet EU expectations:

"More work needed."

Oh and let's not forget the 48 hour strike starting tomorrow.

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