Search This Site:

Wednesday, 8 February 2012

Euro collapse seems inevitable

The Greek government missed another deadline for spending cuts agreed for their next bail-out, as the public strikes and protests against austerity, according to Business Spectator's "Boiling point of a Greek bail-out", which I acknowledge.  Lurching towards default with untrustworthy national accounts, Greek maladministration will require the euro to be restructured or fail.

Flight from the euro is well underway. Private companies managed in this manner would have been closed long ago.  European officials remain "dismayed".

"Something has gone very wrong with this rescue", according to "It's time to end the Greek rescue farce", which claims that the so-called rescuers have been deceiving themselves.  Also see "Merkel demands that Greece take quick action", both from Der Spiegel.

No comments:

Post a Comment