Loans and Finance

Loans and Finance

Text

News and information about loans, money, debt, finance and business issues.

Monday, February 06, 2012

The Greek Tragedy Continues II

Earlier today I wrote:

"A second round of talks is scheduled for today, as domestic unrest within Greece increases.

Don't hold your breath in the expectation of a clear and decisive solution being found or agreed upon
."

On Sunday I wrote:

"As noted yesterday, and the day before yesterday, if it can go wrong it will go wrong!

Rest assured, this meeting will continue to be postponed
."

Well, as sure as eggs are eggs, Greek politicians have once again failed to step up to the plate. Today's meeting of Greek political leaders has been postponed to Tuesday (until it is announced tomorrow that it will be again postponed to Wednesday).

No reason has been given for the postponement. However, it doesn't take much political savvy to see that Papademos has failed to secure support for the Troika's demands.

Papademos will hold talks with the Troika later today, doubtless to try to buy more time and renegotiate the Troika's demands.

With Greece, if it can go wrong it will go wrong!

No comments:

Post a Comment