Sunday, 5 February 2012

Still no end in sight for Greece

The problems of the Greek economy, austerity measures and sovereign debt are no closer to resolution.


Meanwhile, rumblings on the Tory back benches.

John Redwood, another senior Conservative eurosceptic, said he thought the majority of the Tory backbenches would vote against handing more British money to the IMF.
"We fully support the chancellor when he says he does not want extra IMF money to be given to prop up a currency," said Mr Redwood.
"I am happy for IMF money to go and help poor African countries - not to bailout broke but rich Western economies. Greece is no longer a sovereign country. It is a region in a currency union.
"The IMF would not bailout California. On the same premiss it should not give more money to save parts of euroland."

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