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Thursday, April 05, 2012

Greece's Ever Flexible "Deadline"

On 2nd April I wrote the following:
"Oh, that's easy, Greece has yet again postponed the "deadline" (from 4th April) to 18 April!"
Well I was a little ahead of events, and was two days out on the the date.

Today Greece has announced that it has indeed postponed the deadline for remaining bondholders to accept a debt swap, the new "deadline" is 20th April.

Ever flexible "deadlines" are the tools of fools, conmen and dreamers. 

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