Monday, October 3, 2011

Mr Bumble, the Beadle says “NO MORE”

No more Greece concessions, warns eurozone finance ministers

"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 €109bn rescue plan until Athens shows more progress". (Sooner or later the props will fail...same with house prices, IMHO).

Posted by alan @ 10:33 PM (2038 views)
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2 thoughts on “Mr Bumble, the Beadle says “NO MORE”

  • The sound of the other shoe dropping.

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  • general congreve says:

    It’s all shaping up nicely.

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