Muted reaction to Greek bailout

The demonstration organised by trade unions in Greece appears to have fizzled out. Probably a case of demonstration fatigue.  Far more worrying is the discussions concerning the eurozone firewall, which may yet scupper the Greek bailout.  Add to this the statement by Fitch that Greek debt write - off constitutes a default.  The ECB has exchanged Greek bonds it holds for ones maturing at a later date.


http://www.telegraph.co.uk/finance/financialcrisis/9097004/Battle-over-EU-financial-firewall-threatens-to-derail-Greek-bailout.html

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9097005/Greek-debt-accord-hostage-to-political-passions.html

http://www.bbc.co.uk/news/world-europe-17123199

A few more twists and turns:

http://www.telegraph.co.uk/finance/financialcrisis/9099483/Spain-appeals-to-Brussels-for-easier-deficit-reduction-targets.html

http://www.telegraph.co.uk/finance/financialcrisis/9099532/ECBs-Mario-Draghi-magic-corrupts-bond-markets.html