Wednesday, Feb 10, 2010

Good luck with that

BBC: Greece on a knife-edge ahead of euro-crisis meeting

Greece and its huge debt and opaque government finances have weighed down financial markets well beyond Europe.
Investors' nerves appeared to have steadied this week as speculation increases that Greece is too important to fail and will be supported.
A list of top backers has emerged - including the International Monetary Fund (IMF) and European governments, notably Germany and France.
A diplomatic source was quoted as saying Germany and France want the summit to issue a statement of political support, backing Greece against market speculators.
But Thursday's summit will have to work out what - more than just words - can and cannot be done.

Posted by devo @ 10:15 PM (208 views) Add Comment

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