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Tuesday, May 31, 2016

Wheels Fall Off Greek Bailout Wagon

Unsurprisingly the wheels have fallen off the Greek bailout wagon.

Not only have the IMF refused to give another penny until it sees a concrete plan from the Europeans to substantially cut the country’s debt burden, the Greeks are now reneging on their promises to make some "technical" adjustments to legislation already passed in order to comply with the fine print of the bailout "agreement".

All of this in less than a week!

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