Monday, October 3, 2011
Mr Bumble, the Beadle says “NO MORE”
"Eurozone finance ministers have told Greece that the debt-crippled nation will be granted no further concessions despite Athens' admission that it will miss its deficit reduction targets". The prospect of a Greek bankruptcy caused the FTSE 100 to collapse below 5,000 points in early trading Monday. "The latest setback to Greek's public finance has forced the eurozone to decide whether to withhold a second â‚¬109bn rescue plan until Athens shows more progress". (Sooner or later the props will fail...same with house prices, IMHO).