Friday, January 29, 2010

Default, or bailout

Greece is the word that should strike fear into all those who love the euro

So now the real fun begins. Traders scent blood. Greece must raise €54bn (£47bn) this year, half of it in the second quarter, or face defaulting on its debts.

Posted by devo @ 11:29 PM (1337 views)
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2 thoughts on “Default, or bailout

  • And ‘California’ would make you run a mile if buying
    dollars.

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  • I disagree with this, as France and Germany are the ones holding the Euro up. Compare it to GBP there is only one way. DOWN.

    Greece is going to be forced to reduce the deficit and other EU countries will force that. UK deficit is going just one way up. There is no one which stops it.

    Also note there total deficit is £200 billion or so in total, UK borrowed £234 billion in one year..

    Get a grip, get to reality.

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