Loans and Finance

Loans and Finance

Text

News and information about loans, money, debt, finance and business issues.
Powered by Investing.com

Wednesday, January 11, 2012

Rehn Loses Patience With Greece

Olli Rehn, the vice-president of the European Commission, has started to lose patience with Greece and has given the country a public kicking:

"Greece was accepted to the eurozone in 2001 partly based on false statistical information, but that is past. 

Greece did not reveal the truth of its economic and fiscal situation."

Whether this is designed to prod Greece to sort out its finances, or is simply a way of covering the Eurozone's backside when Greece leaves the Euro is not clear as yet.

No comments:

Post a Comment