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Tuesday, March 20, 2012

Rat Leaves The Sinking Ship

As the Greek Parliament votes on accepting the second bailout, markets are already factoring in the need for a third bailout (if Greece remains in the Eurozone).

As a portent of the future, Greece's Finance Minister, (Evangelos Venizelos) has left office today so that he can lead PASOK into the next general election.

The fact that he was meant to be managing the constitutional changes, necessary for the second bailout to stand a chance of working, appears to have escaped him!

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