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Friday, April 23, 2010

Greek Bailout

CNBC report that Greece is expected to formally ask to use the IMF/EU bailout package this morning.

This being the package that Greece has spent the last few weeks/days assiduously denying that it needs to use.

Given Greece's inability to put its financial house in order it is clear that the money alone will not be enough, and that Greece will eventually be forced out of the Euro.

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