Saturday 10 March 2012

The fat lady has to sing...

According to Mr Sarkozy the Greek debt problem has been 'solved'. His opinion must be for internal consumption, after all he wants the French electorate to think of him, along with his pal Angela, as the saviours of the eurozone. 

Sadly, Mr Sarkozy is wrong.  Many believe it is likely a third bailout will be needed.  I think it is a racing certainty.

http://www.telegraph.co.uk/finance/financialcrisis/9136124/Greece-is-likely-to-need-third-bail-out.html

http://www.spiegel.de/international/europe/0,1518,820302,00.html

http://www.telegraph.co.uk/finance/comment/liamhalligan/9135984/Forget-economic-spring-Greek-outlook-is-stormy.html

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